You should read this document carefully in conjunction with our Savings terms and conditions booklet to ensure you understand the features and conditions of what you are buying and keep it safe for future reference. Our savings accounts are only available to UK residents.
Account name | Existing members account (EMA) | |
What is the interest rate? | Account balance | Interest rate |
£1+ | 4.10% Gross/AER variable | |
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Can Newbury Building Society change the interest rate? |
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What would the estimated balance be after 12 months based on a £1,000 deposit? | Account balance | Estimated balance |
£1+ | £1,041.00 | |
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How do I open and manage my account? |
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Can I withdraw money? | Withdrawals can be made:
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Additional information |
We will require identification for all parties on a savings account, please see ID for customers leaflet for details.
We accept savings applications from existing members who live in England or Wales.
Once the full amount for the tax year has been invested into an EMA, additional deposits cannot be made regardless of withdrawals made during the tax year or the balance of the account.
You can register with myaccounts, our online service, to view your accounts online, use secure messaging and request online withdrawals to your nominated bank account. Online withdrawal requests for sums up to £10,000 made between 9am and 5pm on Business Days (Monday to Friday excluding Bank Holidays), will be processed on the same day. Requests for sums over £10,000 and up to the maximum £50,000 made between 9am and 3pm on Business Days, will be processed the same day. Requests after 3pm will be processed on the next Business Day.
Online withdrawal access is not available to accounts with an nominee or executor. These types of accounts can be opened and operated in branch.
For more information regarding our online service, electronic payment and CHAPS service see our Savings terms and conditions. These can be accessed in branch and online at www.newbury.co.uk.
There are no charges for the normal operation of this account. See our Savings terms and conditions for more information.
EMA holders are entitled to a £100 cash bonus on top of normal mortgage benefits if they are an existing borrower taking out a new mortgage with
us to move home or an investor moving home/remortgaging their main residence to us from another lender.
Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
WE HAVE NO CURRENT PLANS TO WITHDRAW THIS PRODUCT BUT IT MAY BE WITHDRAWN WITHOUT NOTICE
Newbury Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 206077). A331