The Top Easy Access Savings Discussion Area

ForumUser7

TiVo_Lad said:

ForumUser7 said:

razord said:

Online now: https://www.newcastle.co.uk/savings/easy-access-accounts/newcastle-base-rate-tracker-issue-1

Did you get the message saying 2 working days to become active?

No. Just the usual "how to fund" eMail. If you're an existing Newcastle customer perhaps you get a different message?

I'm an existing customer - at least I won't have to wait for postal verification codes I suppose

simonsmithsays said:

ForumUser7 said:

razord said:

Online now: https://www.newcastle.co.uk/savings/easy-access-accounts/newcastle-base-rate-tracker-issue-1

Did you get the message saying 2 working days to become active?

Yes

I applied as an existing member whilst logged in and got this screen message:

Your account should be open within 2 working days and available for viewing via the 'Account Summary' page within your logged in online account manager. To log in just follow the links from newcastle.co.uk and use your existing login details

I also then subsequently got an email with this message:

Thank you for your recent application.

Your new account and account number will be available to view via the 'Account Summary' page when you log in

 

Same message as me - thanks for confirming. Hoping there isn't a manual element to this behind the scenes, that would surely become delayed as more people apply

Edit - now showing in app

TiVo_Lad said:

t1redmonkey said:

razord said:

Online now: https://www.newcastle.co.uk/savings/easy-access-accounts/newcastle-base-rate-tracker-issue-1

Thanks, I opened one, just as a 'hedge' for now, just sent £1 across to it.  Won't use it for a while since I haven't got the max amount in the Barclays 5% account so using that as my main easy access account for now, but this might be a useful one to have in the future.

Be aware of this though:

"Please note, this product is a limited issue and may be withdrawn at anytime. To avoid missing out, we recommend that you act soon and ensure your funds are received promptly by Newcastle Building Society. We reserve the right to refuse any funds received after the product is withdrawn."

The special conditions say this 'After placing your initial Deposit of at least £1, you may make unlimited further Deposits or withdrawals penalty free, subject to the minimum and maximum balances shown above' along with a blurb about how the special conditions prevail over the ts and cs. Not 100% sure, but I wonder if that message you saw applies to initial deposits mainly

smiley2085

I've moved my funds to Al Rayan. 

SonOfPearl

Kazza242 said:

According to Moneyfacts, Newcastle Building Society are launching Newcastle Base Rate Tracker (issue 1) account, paying 4.30%

Minimum opening deposit is £1.  Maximum investment is £250,000.  

The account can be opened online or in branch.  

Account matures on the 31/12/2025 into an easy access account.  

https://www.newcastle.co.uk/savings/easy-access-accounts/newcastle-base-rate-tracker-issue-1

Account opened, many thanks. Beats my Skipton tracker account of base rate -0.9%.

razord

For those who applied as a new customer, you should be able to use the forgotten user ID link to get your user ID "early".

At least that worked for me, and I can login and see the account (albeit, unfunded at the moment!)

infoadict

I've also opened the account and will await my details.

One thing to bear in mind is that it appears to be similar to Charter in dealing with withdrawals i.e you lose a days interest.

From the T&C

"Cut off times

If your withdrawal is authorised before the cut-off
times shown below, it will be processed on the same
day (assuming it is a working day) and received by
the recipient by close of business on the next
working day."

cymruchris

razord said:

For those who applied as a new customer, you should be able to use the forgotten user ID link to get your user ID "early".

At least that worked for me, and I can login and see the account (albeit, unfunded at the moment!)

That worked for me. It doesn't show my £1 yet though I can see the account exists.

BreakingGlass

AndyTh_2 said:

ForumUser7 said:

razord said:

Online now: https://www.newcastle.co.uk/savings/easy-access-accounts/newcastle-base-rate-tracker-issue-1

Did you get the message saying 2 working days to become active?

As a existing customer I got that message too. The account is showing in my login though, so I'll add £1 and wait just in case

I just received my User ID by email, approx 35 mins after opening account as a new customer.

artyboy

t1redmonkey said:

razord said:

Online now: https://www.newcastle.co.uk/savings/easy-access-accounts/newcastle-base-rate-tracker-issue-1

Thanks, I opened one, just as a 'hedge' for now, just sent £1 across to it.  Won't use it for a while since I haven't got the max amount in the Barclays 5% account so using that as my main easy access account for now, but this might be a useful one to have in the future.

Ditto. It's quite possible that by the time the account is fully open, there will be something better available, but it ticked all the boxes for me to ditch Santander so I couldn't sit on my hands any more.

t1redmonkey

razord said:

For those who applied as a new customer, you should be able to use the forgotten user ID link to get your user ID "early".

At least that worked for me, and I can login and see the account (albeit, unfunded at the moment!)

I was going to do that, but as I was reading your post, I received another email from Newcastle BS with my user ID so don't need to

cymruchris

t1redmonkey said:

razord said:

For those who applied as a new customer, you should be able to use the forgotten user ID link to get your user ID "early".

At least that worked for me, and I can login and see the account (albeit, unfunded at the moment!)

I was going to do that, but as I was reading your post, I received another email from Newcastle BS with my user ID so don't need to

Mine's just arrived too - 30 minutes after application.