The Newcastle Big Home Saver ISA

ktk

Can anyone tell me, if you save regularly in this account do you get the 1% bonus even if you don't want the mortgage? If this is correct, this ISA is offering 3%.

innovate

This ISA is not presently available to new subscribers but existing subscribers can get 3% if they meet their T&Cs. A mortgage is not compulsory with this ISA.

ktk

innovate wrote: »

This ISA is not presently available to new subscribers but existing subscribers can get 3% if they meet their T&Cs. A mortgage is not compulsory with this ISA.

Thanks, but are you sure about it only being available to existing subscribers? I can't see this in the t&cs and I appear to be able to access the application form.

dbarcl10

Anyone got a link to this ISA? I looked on there website and can see the Big Home Saver account, but this isn't an ISA and interest is paid after tax deduction. The leaflet does say the account is also available as an ISA but I can't see a link on the website.

Is this perhaps where the confusion over who us eligible for the account comes from? Is the ISA only available to current members, whilst the saving account is available to all?

ktk

http://www.newcastle.co.uk/savings/big-home-saver.aspx

Try this.

innovate

Your link is for their standard regular saver, not an ISA.

gunmaker

Their existing ISAs have now been withdrawn. New ones being released on the 6th April.

http://www.newcastle.co.uk/savings/cash-isa.aspx

ktk

If you follow my original link the ISA is there again. 3%, paid monthly I think. Drip feed up to £500 pm and instant access. As I understand it you do not have to use this for a mortgage, but you can if you want to!

dbarcl10

This looks like a good ISA, paying more than most current accounts after you consider the tax deductions. Looking online, it doesn't seem to say whether withdrawals are allowed or if there's any loss of interest where deductions are made (sorry if it's blatantly obvious on the site, my head is spinning from sorting over my finances over the last few weeks)

Can anyone confirm whether withdrawals are allow end this ISA and if so, is there any loss of interest?

Thanks!

marathonic

dbarcl10 wrote: »

This looks like a good ISA, paying more than most current accounts after you consider the tax deductions. Looking online, it doesn't seem to say whether withdrawals are allowed or if there's any loss of interest where deductions are made (sorry if it's blatantly obvious on the site, my head is spinning from sorting over my finances over the last few weeks)

Can anyone confirm whether withdrawals are allow end this ISA and if so, is there any loss of interest?

Thanks!

Withdrawals are allowed. For any month during which you make a withdrawal, the interest rate for that month will be 2% as opposed to 3%. The rate goes back up to 3% for following months if you don't make withdrawals.

Ed-1

dbarcl10 wrote: »

This looks like a good ISA, paying more than most current accounts after you consider the tax deductions. Looking online, it doesn't seem to say whether withdrawals are allowed or if there's any loss of interest where deductions are made (sorry if it's blatantly obvious on the site, my head is spinning from sorting over my finances over the last few weeks)

Can anyone confirm whether withdrawals are allow end this ISA and if so, is there any loss of interest?

Thanks!

Only problem I can see with this is the fact you can only pay in £500 a month making £6000 across the year when the allowance will be £15000...