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Newcastle Fixed Rate Options Bond (Issue 67)
Watch your savings grow in this fixed term savings bond
If you want a guaranteed return on your investment, a fixed rate bond could be just what you're looking for. With our Newcastle Fixed Rate Options Bond (Issue 67), you'll get a competitive savings interest rate that's fixed until January 2017. So no matter what happens, you'll still get a great rate on your savings and have a guaranteed return to look forward to.
This fixed rate bond is ideal for customers who want a competitive fixed rate but still require access to their savings. Withdrawals or transfers can be made of up to 25% of the capital investment penalty free and without notice prior to maturity (20 January 2017)
Choose to have monthly interest
This fixed rate bond lets you to choose how you'd like your savings interest to be paid. You can opt for monthly interest or to have it paid annually.
Is this account right for you?
If you're still wondering which savings account is right for you, our friendly advisers will be happy to help. Simply visit our branch: 197-201 Main St, Gibraltar or contact us on 00350 200 41143.
Product Terms
| Account Name | Newcastle Fixed Rate Options Bond (Issue 67) | ||||
|---|---|---|---|---|---|
| Interest Rates | Paid Annually (Fixed) Gross* / AER** | Paid Monthly (Fixed) | |||
| Gross* | AER** | ||||
| 3.50% | 3.25% | 3.30% | |||
| Tax Status | Interest is paid Gross*. | ||||
| Conditions for bonus payment | No bonus is applicable. | ||||
| Withdrawal arrangements | Withdrawals/transfers can be made of up to 25% of the capital investment penalty free and without notice prior to maturity (20 January 2017). Withdrawals in excess of 25% of the capital investment are not permitted until maturity. | ||||
| Access | By branch. | ||||
| Additional Important Information | |||||
| Maturity Date | 20 January 2017 | ||||
| Interest Payment | Annually | Monthly | |||
| 27th January 2012, 2013, 2014, 2015, 2016 and on maturity (20 January 2017) | Last Day of each month | ||||
| Minimum Balance | £500 | ||||
| Maximum Balance | £1,000,000 | ||||
* 'Gross' interest is the contractual rate of interest payable before the deduction of income tax.
** 'AER' stands for the Annual Equivalent Rate, a notional rate which illustrates what the interest rate would be if paid and compounded on an annual basis.
Product Special Conditions
The Newcastle's Savings General Terms & Conditions will apply unless they are inconsistent with these Special Conditions, effective from the date of the account opening.
- The Account is a fixed rate account.
- The Account is operated by branch.
- The minimum investment in the Account is £500 and the maximum is £1,000,000.
- The Account can be held in single or joint names.
- After placing your Investment in the Account you may make further deposits while the Account is a current issue. The Account is a limited issue and may be withdrawn at any time.
- Withdrawals/transfers can be made of up to 25% of the capital investment penalty free and without notice prior to maturity (20 January 2017). Withdrawals in excess of 25% of the capital investment are not permitted until maturity.
- On maturity the Account will automatically transfer to the Newcastle's designated maturity Account. We will write to you prior to maturity to advise you of any amendments to the Terms and Conditions of your Account. These amendments may include the access terms, withdrawal arrangements and the duration of the Account. Following the day of maturity you have 28 days in which to withdraw funds penalty free, thereafter the Maturity Account Terms & Conditions will apply.
- Interest is calculated daily and is paid annually commencing 20th January 2012 or monthly.
- Should the final day of a calendar month be a business day then any monthly interest paid to a third party will be paid on that day. Otherwise it will be paid on the following business day. Any final monthly interest due on maturity will be credited to the Account.
- Interest can be paid to your Account, to another account with the Newcastle or to a third party bank or building society account.
- Should the balance held in the Account fall below the minimum balance stated above, interest will be paid at a rate of 0.10% Gross*/AER**.
- Details are correct as at 11/11/2011.
Apply
How do I apply?
- Step 1
- Carefully read the Product Special Conditions and General Terms and Conditions.
(We strongly recommend that you print a copy of these Terms and Conditions for your records).
- Step 2
- Decide how much you would like to invest.
Send your completed application form into us at the following address:
If you're still wondering which savings account is right for you, our friendly advisers will be happy to help. Simply visit our branch: 197-201 Main St, Gibraltar or contact us on 00350 200 41143.