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

D1zzy

bristolleedsfan wrote: »

"We will bank your initial deposit upon receipt so that you earn interest as soon as possible. This option should only be used for your initial investment."

"
"cheque investments must be received by close of business Friday 24th July."

I rang and confired with them this afternoon - that they will accept all funding (cheque/chaps/online) inculding topups as long as the have the funds by 24th
:j

bristolleedsfan

D1zzy wrote: »

"
"cheque investments must be received by close of business Friday 24th July."

I rang and confired with them this afternoon - that they will accept all funding (cheque/chaps/online) inculding topups as long as the have the funds by 24th
:j

Did they say that they will accept topups by cheque/post as original acknowlegement says cheques should only be used for the initial investment hence my quote.

D1zzy

They did - but in view of your post , it might be worth confirming that tomorrow - though the guy Ispoke to did sound very authoritative and did not have to go away and check with anyone.

North-East_Quine

I opened an account this afternoon and got confirmation that my application had been accepted. As a canny Scot, I opened the account with the minimum £5,000, with the intention of putting more into the account once I was sure the account was up and running.

Now that the 'issue' is CLOSED, does that mean I can't put any more into my account over the next few weeks?

D1zzy

North-East_Quine wrote: »

I opened an account this afternoon and got confirmation that my application had been accepted. As a canny Scot, I opened the account with the minimum £5,000, with the intention of putting more into the account once I was sure the account was up and running.

Now that the 'issue' is CLOSED, does that mean I can't put any more into my account over the next few weeks?

You can until as long as they have the money by 24th July

ffacoffipawb

D1zzy wrote: »

You can until as long as they have the money by 24th July

I chose DD on 27 July for my initial (and only) deposit. They can't change their minds now, given I was offered this date?

Account oopened on-line on 13 July.

D1zzy

ffacoffipawb wrote: »

I chose DD on 27 July for my initial (and only) deposit. They can't change their minds now, given I was offered this date?

Account oopened on-line on 13 July.

All initial DD's will be accepted - any other funding has to be there by 24thJuly

Gambit

triplea35 wrote: »

I would also like to say thanks. I regularly view the forums and noticed this thread but had not paid it any attention. I Think the 5% - 5years put me off.
At 6am this morning checked the MSE email which highlighted the benefits particularly the 90day notice with no loss of interest condition which suddenly made me realise it was the perfect home for the monies from my Halifax Guaranteed Saver Reward accounts which have just matured.

My situation was much the same. I saw this on Tuesday night while I was looking for a new home for my Halifax Regular Saver which just matured. I also got put off by the '5 years' but after Martin pointed out that this was a good idea I applied for it yesterday morning and got in there in time. The only thing I was annoyed about was that I didnt get my g/f to transfer our ISA across to them too as was going to think about it before starting the mamouth 30 day process of transferring an ISA. I wish they made this easier. Something like the bank issuing an 'ISA cheque' which could only be cleared by another bank would be cool as then they could give this to us and we could send it to the new provider next day delivery. Then it would be done in a week

Ahh well, hoping another ISA offer will come along soon!

Speculator

Gambit wrote: »

I wish they made this easier. Something like the bank issuing an 'ISA cheque' which could only be cleared by another bank would be cool as then they could give this to us and we could send it to the new provider next day delivery. Then it would be done in a week

Ahh well, hoping another ISA offer will come along soon!

It was much simpler and straight forward with TESSA transfers.

LemonTree_3

Newcastle website says:

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 and details will be available on our website www.newcastle.co.uk.

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.

I'm a bit confused - hopefully someone can clarify this: in my online thank you letter it is said that I have 20 days to fund my account. I have applied yesterday, i.e., I should have around till 3 August to fund my account, right?
Contrary to Newcastle's website saying it should be received by 24 July.