Reward Saver
Up to 2.75% Gross* / AER**
A highly competitive rate with a reward bonus
If you're looking for an account with an attractive rate of interest and a reward bonus, you might be interested in our Reward Saver. The Reward Saver pays a bonus of 1.00% on the 1st anniversary of your account opening, so you can sit back and watch your savings grow.
Choose to have monthly interest
The Reward Saver lets you choose how you'd like your interest to be paid. As well as annual interest, you can opt for monthly interest if you require a regular income from your savings.
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
| Account Name | Newcastle Reward Saver | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Annual Variable | Monthly Variable | |||||||||
| 2.75% Gross* / AER** | 2.66% Gross* / 2.69% AER** | Tax Status | Interest will be paid gross without the deduction of income tax. | |||||||
| Conditions for bonus payment | All rates include an unconditional bonus of 1.00% for the first 12 months from Account opening. | |||||||||
| Withdrawal arrangements | Withdrawals are subject to 120 days notice or loss of interest | |||||||||
| Access | By branch | |||||||||
| Additional Important Information | ||||||||||
| Interest Payment | Anniversary of account opening or last business day of each month | |||||||||
| Minimum Balance | Annually: £500 | Monthly: £5,000 | ||||||||
| Maximum Balance | £1,000,000 | |||||||||
* '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.
- The account is a variable rate account with an unconditional bonus paid for twelve months from account opening.
- The account can be operated by branch only
- The minimum investment in the account is £500 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 strictly limited issue and may be withdrawn at any time.
- Interest is calculated daily and credited to the account on the 'Anniversary'. Or the last business day of each month.
- Withdrawals are available subject to 120 days notice or loss of interest
- 'Anniversary' means twelve months from the date of opening and each subsequent twelve month period.
- The bonus on your account is calculated daily and will be paid annually on the account anniversary or monthly on the last working day of each month
Apply
How do I apply?
- Step 1
- Carefully read the Product Terms and General Terms and Conditions.
- Step 2
- Decide how much you would like to invest.
Send your completed application form into us at the following address:
Newcastle Building Society
FREEPOST NT330
Portland House
New Bridge Street
Newcastle-upon-Tyne
NE1 8BR
Or alternatively, you can call us on +44 845 600 4368 and complete the application form over the phone with one of our customer advisers, or, we can call you back. Our Call Centre is open 8am - 8pm Monday to Thursday, 8am - 6pm Friday 9am - 1pm Saturday, Closed on Sunday.