Newcastle BS – 1 year fix 4.10%

jak22

Shawbrook allow additions up to 7 days after an issue is closed if you already have one - Newcastle do seem to allow extra deposits so you can make a smaller initial payment and then top up but make no mention of extra time. So an annoying scenario would be when they want address proof and so the account is not fully opened, and then they close the issue so quickly. 

Pompeydave1967

Hooray £500 showing now , hopefully can get more in today.

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inspectorperez said:

Appealing for wisdom from readers having jumped in with both feet this morning

Application successful for transfer in from existing ISA which matures on 24 October.

This is a savings bond account and not an ISA .

dcs34

jak22 said:

Shawbrook allow additions up to 7 days after an issue is closed if you already have one - Newcastle do seem to allow extra deposits so you can make a smaller initial payment and then top up but make no mention of extra time. So an annoying scenario would be when they want address proof and so the account is not fully opened, and then they close the issue so quickly. 

My application confirmation email says:

"You will need to fund your account within 14 days of submitting your application in one of the following ways:"

So I would assume we have a 14 day window to make as many deposits as we like.

aka666

opened 1 today, put £5000 in, now trying to put more in, but my bank wont approve till i talk to them (lloyds) 40 min wait

SJMALBA

dcs34 said:

jak22 said:

Shawbrook allow additions up to 7 days after an issue is closed if you already have one - Newcastle do seem to allow extra deposits so you can make a smaller initial payment and then top up but make no mention of extra time. So an annoying scenario would be when they want address proof and so the account is not fully opened, and then they close the issue so quickly. 

My application confirmation email says:

"You will need to fund your account within 14 days of submitting your application in one of the following ways:"

So I would assume we have a 14 day window to make as many deposits as we like.

Indeed; however, it also says:

'Please note the Newcastle One Year Fixed Rate Bond (Issue 61) is a limited issue product that can be withdrawn at any time. Please act quickly to ensure funds and requested documents are received promptly. We reserve the right to refuse any funds received after the product is withdrawn.'

?

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dcs34 said:

jak22 said:

Shawbrook allow additions up to 7 days after an issue is closed if you already have one - Newcastle do seem to allow extra deposits so you can make a smaller initial payment and then top up but make no mention of extra time. So an annoying scenario would be when they want address proof and so the account is not fully opened, and then they close the issue so quickly. 

My application confirmation email says:

"You will need to fund your account within 14 days of submitting your application in one of the following ways:"

So I would assume we have a 14 day window to make as many deposits as we like.

I interpret that means if you don’t pay any money in by 14 days whey will close the account.

Pompeydave1967

I did laugh when I viewed my statement and it said ‘faster payment’ received. , it only took 20hrs to appear ! Transferred more an hr ago but not showing , could be in for a long haul.

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My £500 is in, Payed in a larger amount but just after 1pm. I wonder if this will clear today.

Pompeydave1967

Has anybody used the reference number again when transferring £££ , it does say only use for initial deposit but can’t see an issue with future payments.