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

claire07

I emailed them this very question earlier in the week and this is their reply:

Thank you for your recent e-mail.

You can withdraw penalty free or close the account as long as you gave us the notice of 90 days .

If you have any further queries please contact us on 0845 606 5522, our opening hours are 8am-8pm Monday - Thursday, 8am - 6.30pm Friday, 9am-5pm Saturday.

Yours sincerely,

NewcastleNet Savings.

Loco

Can anyone confirm the part about making additional deposits?

After placing your Investment in the account you may make further deposits while the account is a current issue.

So if you"ve opened one and then say (for example) 2 months down the line they take the 5 year bond off the market you can"t make additional deposits?

Just need a bit of clarification!

D1zzy

That's the way I'm reading it - maybe the opening info will clarify when it arrives.

Lorian

Loco wrote: »

Can anyone confirm the part about making additional deposits?

After placing your Investment in the account you may make further deposits while the account is a current issue.

So if you"ve opened one and then say (for example) 2 months down the line they take the 5 year bond off the market you can"t make additional deposits?

Just need a bit of clarification!

Thats what it means. My guess is it won't last that long though

Steve_xx

Loco wrote: »

Can anyone confirm the part about making additional deposits?

After placing your Investment in the account you may make further deposits while the account is a current issue.

So if you"ve opened one and then say (for example) 2 months down the line they take the 5 year bond off the market you can"t make additional deposits?

Just need a bit of clarification!

It means exactly that. You will not be able to make further deposits to it once it is withdrawn.

Speculator

Be first to know when it will be withdrawn by checking here..

https://www.emoneyfacts.co.uk/news/savings-news.aspx

Woodyrocks

Think I have a handle on this (and their ISA) and shall be applying for both. It really does sound like a win-win situation either way and I am so pleased that I was too late to open the Close Brothers account now

G_M

claire07 wrote: »

I emailed them this very question earlier in the week and this is their reply:

Thank you for your recent e-mail.

You can withdraw penalty free or close the account as long as you gave us the notice of 90 days .

If you have any further queries please contact us on 0845 606 5522, our opening hours are 8am-8pm Monday - Thursday, 8am - 6.30pm Friday, 9am-5pm Saturday.

Yours sincerely,

NewcastleNet Savings.

Thanks for confirming this Claire. They've confirmed the same thing to me too.

I'm happy to eat humble pie and admit my concerns proved unfounded!

frames1_uk

Received paper confirmation of my DD set up for this account today. Still no further instructions of internet log in details etc. I hope they don't close this in the next couple of weeks, as I have a fixed rate account maturing from Birmingham Midshires soon.

bristolleedsfan

http://www.thisismoney.co.uk/savings-and-banking/article.html?in_article_id=488369