Newcastle Easy Saver ISA (Issue 5)
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Open with £1
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Variable rate of interest
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Take money out: anytime
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Tax-free savings
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Apply online
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Apply in branch
Tax-free refers to the contractual rate of interest payable, where interest is exempt from income tax. The tax information provided is based on the current law and HM Revenue & Customs practice, both of which may change. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and added to your account each year.
Financial Service Compensation Scheme (FSCS)
Your eligible deposits with Newcastle Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with Newcastle Building Society and Manchester Building Society (as a trading name of Newcastle Building Society). Any deposits you hold above the £120,000 limit are unlikely to be covered.
Summary box
| Account name | Newcastle Easy Saver ISA (Issue 5) |
|---|---|
| What is the interest rate? | Annual interest 1.80% tax-free pa/AER Monthly interest 1.79% tax-free pa/1.80% AER Interest is paid on: Monthly anniversary of account opening. |
| Can Newcastle Building Society change the interest rate? | We can change the rate of interest payable on this account. The account is a variable rate account which means the rate of interest paid may change throughout the lifetime of the account. Please refer to the ‘Interest, Charges and Changes’ section of the Savings General Terms & Conditions, which sets out the reasons for which Newcastle Building Society may change the interest and the procedure for doing so. |
| What would the estimated balance be after 12 months of account opening based on a £1,000 deposit? | Monthly (variable): £1,018 Please note: This projection is provided for illustrative purposes only and does not take into account the customer's individual circumstances. This projection is based on an initial £1,000 deposit and no further deposits or withdrawals are made. |
| How do I open and manage my account? | Opening your account: Giving us instructions for your account: Minimum opening deposit: £1 |
| Can I withdraw money? | Withdrawals/transfers can be made penalty free without notice. |
| Additional information | Tax status: ISA interest is paid tax-free, which means it’s exempt from income tax. Tax rules may change in the future. |
Transferring Windfalls to Charity
All new customers agree to assign any windfall benefits which they may become entitled to on a future conversion or takeover of the Society to the Community Foundation. This is our Charitable Assignment Scheme. By agreeing to this assignment, any windfall benefit will be given to the Community Foundation, one of the leading community foundations in the UK serving Tyne & Wear and Northumberland. This agreement lasts for the first five years of membership, is irrevocable and is a condition of opening an account. Your agreement to open an account with us will be deemed your agreement to the Charitable Assignment Scheme. Please see ‘Transferring windfalls to charity' or within our Savings General Terms and Conditions for further details.
Terms and conditions
Please make sure you've read the terms and conditions before applying
New customer
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