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

LemonTree_3

In the confirmation email for my ISA application there were three funding options given:

1. by cheque

2. by BACS:
Sort Code: 23-59-54
Account number: 00000008

3. by CHAPS:
Sort Code: 20-59-55
Account number: 00000009

whereas the confirmation email regarding the fixed rate bond (non ISA)
there were only two options given:

a) by cheque

b) by CHAPS.

I'm wondering whether people are considering to fund their non ISA bond by BACS because it is not listed as funding possibility in the email (I assume that we've obtained an email with same content regarding funding).

mutley74

wow this is a busy thread!
i opened a Newcastle bond on the morning of the deadline. got a reference number..but not transferred any money yet...am i still entitled to the bond if i transfer funds in the next few days?

evenasus

North-East_Quine wrote: »

How can we top up our initial D/D, before 24th July, if we don't have an account number yet? I have a reference number for my application. Is that sufficient to transfer money to?

If you ring them, they will give you your account number.
I got mine a few hours after I opened the account online.

D1zzy

LemonTree wrote: »

In the confirmation email for my ISA application there were three funding options given:

1. by cheque

2. by BACS:
Sort Code: 23-59-54
Account number: 00000008

3. by CHAPS:
Sort Code: 20-59-55
Account number: 00000009

whereas the confirmation email regarding the fixed rate bond (non ISA)
there were only two options given:

a) by cheque

b) by CHAPS.

I'm wondering whether people are considering to fund their non ISA bond by BACS because it is not listed as funding possibility in the email (I assume that we've obtained an email with same content regarding funding).

By mistake I sent a BACS payment to the CHAPS account (non ISA bond) - it got there OK and when I asked today which to use they said 00000009 - so it probably doesn't matter

mutley74

LemonTree wrote: »

whereas the confirmation email regarding the fixed rate bond (non ISA)
there were only two options given:

a) by cheque

b) by CHAPS.

I'm wondering whether people are considering to fund their non ISA bond by BACS because it is not listed as funding possibility in the email (I assume that we've obtained an email with same content regarding funding).

My fixed rate bond and ISA account ( i opened both) give me all 3 options

cheque
BACS
CHAPS


weird you not being offered all the same.

zzzLazyDaisy

LemonTree wrote: »

whereas the confirmation email regarding the fixed rate bond (non ISA)
there were only two options given:
a) by cheque
b) by CHAPS.
I'm wondering whether people are considering to fund their non ISA bond by BACS because it is not listed as funding possibility in the email (I assume that we've obtained an email with same content regarding funding).

My confirmation e-mail for the Bond gave all three options (cheque, bacs, chaps) but I also opened an e-saver (so I can see the bond on-line) which gave only cheque or bacs as funding options

PS as an aside - the e-saver pays 2.5%. Not the top payer, but not bad for an instant access account.

Andystriker

Hi,

I got my welcome pack today with a passbook showing my investment. Mrs. H. Elliott wrote to me telling me that they are the largest Building Society based in the North East of England. She invites me to contact them should I have any other plans which she can assist with.

I must say in all honesty I have been impressed with them so far.

Just hope they look after my money.

LemonTree_3

zzzLazyDaisy wrote: »

My confirmation e-mail for the Bond gave all three options (cheque, bacs, chaps) but I also opened an e-saver (so I can see the bond on-line) which gave only cheque or bacs as funding options

PS as an aside - the e-saver pays 2.5%. Not the top payer, but not bad for an instant access account.

Just to double-check: Can you check the balances of ALL of your investments when you log into your e-saver account? In particular: can you check the balance of your recent opened 5 year fixed rate bond?

If so, it might be worth to open such an e-saver account so one can actually check the balance on a regular basis because otherwise one can only manage the account by post.

zzzLazyDaisy

Yes. As far as I know, the 5 year bond is not an internet bond, on its own - BUT if you open an e-saver account, it then allows you to see all your accounts including the 5 year bond (that is what has happened in my case, anyway)

info_addict

Looks like Newcastle may have stoppped faster payments into the bond.

Last week I managed to make these transfers, but this morning, both my wife and I tried again from our Halifax accounts and got the message

The recipient's bank is unable to accept your payment. Please contact the recipient for further details or use our bill payment service instead.

This message was after it confirmed that a Faster Payment could be made and received in 2 hours.

The confirmation email said

Dear Customer,

We were unable to send your Faster Payment on this occasion.

Please accept our apologies for any inconvenience this may have caused.

Regards,

I would assume that they will now only accept Chaps, Bacs and cheque submissions, which have to be with them by close of play this coming Friday