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Newcastle Building Soc - New 5 year-5% BOND (Not an ISA) NOW CLOSED

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  • dov
    dov Posts: 211 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    http://www.newcastle.co.uk/savings
    The 5 Year, 5%, Fixed Rate ISA and Bond (Issue 1) have been withdrawn and are no longer available for further applications. The Society will be launching alternative products on Friday 17th July 2009.

    All Online Applications submitted, will be honoured. Any Postal Applications and cheque investments must be received by close of business Friday 24th July. All ISA Transfer applications where funds are being transferred from other providers to the Newcastle will be accepted. Your current ISA provider does have 30 days from request to action this. Unfortunately no allowances can be made for interruptions in the Postal Service due to Industrial Action.
  • alanq
    alanq Posts: 4,216 Forumite
    1,000 Posts Combo Breaker
    MSE_Alana wrote: »
    Hi,

    The 5 year fixed bond and ISA have now been withdrawn. Here is the notice on the Newcastle website:

    "The 5 Year, 5%, Fixed Rate ISA and Bond (Issue 1) have been withdrawn and are no longer available for further applications. The Society will be launching alternative products on Friday 17th July 2009.

    All Online Applications submitted, will be honoured. Any Postal Applications and cheque investments must be received by close of business Friday 24th July. All ISA Transfer applications where funds are being transferred from other providers to the Newcastle will be accepted. Your current ISA provider does have 30 days from request to action this. Unfortunately no allowances can be made for interruptions in the Postal Service due to Industrial Action."

    http://www.newcastle.co.uk/savings

    Alana
    This was posted in another thread.
  • zzzLazyDaisy
    zzzLazyDaisy Posts: 12,497 Forumite
    Part of the Furniture Combo Breaker
    Thanks. Can I suggest that the title of this thread be amended to read (WITHDRAWN) so that people who got the e-mail don't waste time trawling through the thread.
    I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.
  • anselld
    anselld Posts: 8,646 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    dov wrote: »
    Any Postal Applications and cheque investments must be received by close of business Friday 24th July

    I have a DD being taken on 21 July which should be OK. Question is can I still top up by Faster Payments up to 24th?
  • zzzLazyDaisy
    zzzLazyDaisy Posts: 12,497 Forumite
    Part of the Furniture Combo Breaker
    If I have read the blurb correctly, that should be a 'yes'

    Hope so anyway, as that is the position I am in.
    I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.
  • I applied yesterday evening with the DD to be taken on 28th July. Does anyone know if this will be okay?

    Thanks.
  • D1zzy
    D1zzy Posts: 1,500 Forumite
    cheque investments must be received by close of business Friday 24th July
    .....Think that means you can still send a topup cheque?
    ...and if you can send a topup check can you still do an online transfer 'til then?
  • efunc
    efunc Posts: 415 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Why not call them to find out conclusively, rather than posting here and speculating wildly? It's within office hours now after all.

    Please come back and enlighten us once you know the answer ;)
  • D1zzy
    D1zzy Posts: 1,500 Forumite
    efunc wrote: »
    Why not call them to find out conclusively, rather than posting here and speculating wildly? It's within office hours now after all.

    Please come back and enlighten us once you know the answer ;)

    Since when is asking a question of people who may already have the answer speculating (beats 20 mins on hold):p

    However I am now in the queue and will post if I get a sensible response!:rolleyes:
  • Speculator
    Speculator Posts: 2,356 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    tea-towel wrote: »
    I applied yesterday evening with the DD to be taken on 28th July. Does anyone know if this will be okay?

    Thanks.

    All Online Applications submitted , will be honoured so you should be okay.
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