Newcastle Prem Bond 2

frothy-coffee_2

Hi,

1) How do you put notice on the account?

2). Do you have to specify an amount in the notice?

3). Do you have to 'exercise' the notice or can you let it expire without making a withdrawal?

CS weren't very helpful :-(

alanq

See General Terms & Conditions

10 Notice Accounts
10.1 Subject to the product special conditions,
notice to withdraw can be put onto an account at
any time, however new applications for notice will
result in the previous notice applied being
removed. On expiry of notice periods, funds will
be available to withdraw for four business days.
Thereafter, another notice must be put onto the
Account.
10.2 Transfers between Accounts held with the
Newcastle are subject to the same notice rules in
10.1.
10.3 Notice requests must be made in person or
in writing, or via telephone.
10.4 Confirmation will be required closer to the
notice date that the withdrawal is to proceed.

http://www.newcastle.co.uk/content/savings/docs/General_Terms_And_Conditions.pdf

cha0s

1) you can call them and tell them you want to give notice to withdraw

2). yes you have to tell them how much you want to withdraw, I always tell them i want to withdraw the full amount

3). when i asked they said if you dont withdraw the money then nothing happens, you just have to give notice again. you can also give notice and then give notice again within the 6 month period. The most latest request overrides the previous one and restarts the 6 month period.

frothy-coffee_2

cha0s wrote: »

1) you can call them and tell them you want to give notice to withdraw

2). yes you have to tell them how much you want to withdraw, I always tell them i want to withdraw the full amount

3). when i asked they said if you dont withdraw the money then nothing happens, you just have to give notice again. you can also give notice and then give notice again within the 6 month period. The most latest request overrides the previous one and restarts the 6 month period.

Thankyou,
The CS advisor wasn't very helpful when I phoned up