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Monthly Saver

Up to 2.10% Gross* / 0.10% AER**

Get rewarded for saving with a regular savings account

Save a little each month

A regular savings account is a great way to grow your savings, so why not try our Monthly Saver account? You'll get a competitive savings interest rate, plus an impressive bonus if you save regularly. So as long as you put a little into your regular savings account every month, your savings will really grow.

Monthly saving means annual bonuses

Simply make 11 monthly payments of between £10 and £1,000 into this regular savings account and you'll get an extra 2% on your savings at the end of the year. It's our way of rewarding you for saving all year.

Instant access to your savings

It's an instant access savings account, so you can make withdrawals whenever you want. However if you make more than one withdrawal, you'll lose your monthly saving bonus.

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 pop into our branch: 197-201 Main St, Gibraltar or contact us on 00350 200 41143.


Product Terms

Application Form

Summary Box - Key Product Information for our Savings Account
Account Name Newcastle Monthly Saver
Interest Rates Annual (Variable, Including Bonus) Monthly (Variable, Excluding Bonus)
  2.10% Gross* 0.10% Gross*
  2.10% AER** 0.10% AER**
Tax Status Interest will be paid gross without the deduction of income tax.
Conditions for bonus payment You must make 11 out of 12 regular monthly payments and no more than 1 withdrawal during the year.
Withdrawal arrangements Penalty free without notice, only one withdrawal per year permitted.
Access By branch or by post.
  Additional Important Information
Interest Payment Annually, on Anniversary of account opening
Minimum Balance £10
Maximum Balance £1,000,000
Minimum Monthly Investment £10
Maximum Monthly Investment £1,000

* 'Gross' interest is the contractual rate of interest payable before the deduction of income tax.
** 'AER' means "Annual Equivalent Rate" and is a notional rate which illustrates contractual interest rate (excluding any bonus payable) as if paid and compounded on an annual basis.

Product Terms and Conditions

The Newcastle's General Investment Terms & Conditions will apply unless they are inconsistent with these Special Conditions, effective from the date of the account opening.

  1. The Account is a variable rate account.
  2. The Account can be operated in branch or by post.
  3. The minimum investment in the Account is £1 the maximum is £1,000,000.
  4. The Account can be held in single or joint names.
  5. After placing your Investment in the Account you may make further deposits while the Account is a current issue.
  6. Interest is calculated daily and credited to the Account on the account Anniversary.
  7. The bonus on your account is variable, calculated daily and will be paid annually on the account anniversary
  8. To qualify for the bonus must make eleven out of twelve regular Monthly Payments during the year and no more than one withdrawal.
  9. A 'Monthly Payment' is defined as a minimum investment of £10 in a calendar month.
  10. There is no limit to the number of investments you can make in any one month.
  11. Withdrawals are available without notice
  12. You can make one withdrawal per year without affecting your bonus. If you make two or more withdrawals you will receive Nova Plus rates from the date of the second withdrawal until the account anniversary.
  13. You can miss one monthly payment without affecting your bonus.
  14. 'Anniversary' means twelve months from the date of opening and each subsequent twelve month period.
  15. Details correct at 06/03/2009

Application Form

Apply

Application Form

How do I apply?

Step 1
Carefully read the Product Terms 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.

If you're still wondering which savings account is right for you, our friendly advisers will be happy to help. Simply pop into our branch: 197-201 Main St, Gibraltar or contact us on 00350 200 41143.

Application Form