Newcastle Building Society First Home Saver
Which? customer score 64%
|Branch access||Online account||Minimum saving amount||Maximum saving amount||Interest paid|
Whether you can operate the account through a bank branch.
Whether the account can be managed online.
The minimum amount you have to keep in the account.
The maximum amount you can keep in the account.
How often interest is paid.
Newcastle Building Society customer satisfaction scorecard:How do we work this out?
|Clarity of statement||Interest rate information||Regular contact||Customer service||Overall customer score|
|Minimum saving amount||£1|
|Maximum saving amount||£40,000|
|Minimum initial deposit||£1|
|Restricted locations note||N/A|
|Existing customer note||N/A|
|ISA transfers allowed||No|
|Minimum regular monthly deposit||£1|
|Maximum regular monthly deposit||£1,000|
|Withdrawals note||Withdrawals/transfers can be made penalty free without notice.|
|Notice period||0 days|
|Account fee charged||N/A|
|Part of FSCS||Yes|
|FSCS note||The first £85,000 per person, per UK banking licence, is protected by the Financial Services Compensation Scheme (FSCS). Under the UK Scheme if you have also borrowed from the failed bank or building society, the compensation will not be reduced to repay your debt. Separate arrangements will be made for this. Some banks and building societies share the same banking licence. Where this is the case, your £85,000 protection is across all the companies sharing the licence, not each individual company.|
|Interest paid type||Compound|
|Introductory bonus note||N/A|
|Conditional bonus note||You must make at least one Deposit and make no withdrawals in each Calendar Month. The bonus interest on your Account is variable. If you do not make an investment or you make a withdrawal during a Calendar Month, your account will be credited with the non-bonus interest rate, currently 0.35% Gross* / 0.35% AER** (variable), in that calendar month.|
|From (£)||To (£)||AER including bonus (%)||Bonus rate (%)||AER excluding bonus (%)||Interest type|