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

Richchad

Steve_xx wrote: »

If you phoned Newcastle and they told you the answer, then why would you query their answer here?

He was obviously checking if Newcastle had got it right, which it seems they hadn't actually as it pays interest monthly or annually.

SuzieSue

s20544 wrote: »

I asked becuase it seems to be more common for fixed term accounts to pay interest annually I thought that the person I spoke to at Newcastle may have been mistaken because I saw mention on this thread of people expecting interest payment on 31st July.

I apologise if I have misunderstood or wasted your time.

There is no need to apologise.

evenasus

efunc wrote: »

When I log in I can see my annual interest being applied.

Me too.

Speculator

Annual interest payment due tomorrow.

Lorian

Oh no, less than 1 year left to run. This has been a fantastic account.

bodacious

very sad that this account is about to come to an end (July). With interest rates still so pathetically poor this is a real blow.

johnmoney05

bodacious wrote: »

very sad that this account is about to come to an end (July). With interest rates still so pathetically poor this is a real blow.

Yes, poor thing. It is just June! Still a month ahead.

Speculator

Just received my maturity letter. You can withdraw by cheque or transfer direct to your bank/BS.

other options are

1 yr bond @ 1.35% gross
2 yr Member Bond 1.55% gross
5 yr loyalty bd 2.40% gross
Maturity+ 0.50% gross

martint123

I worried about tying my cash up for 5 years last time - glad I did now of course, but at 2.4% I don't think I'll bother.

Speculator

martint123 wrote: »

I worried about tying my cash up for 5 years last time - glad I did now of course, but at 2.4% I don't think I'll bother.

I wasn't worried because in reality it was a 90 day penalty free notice account.