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About
Established in Newport in 1869 to help local people build homes, we now help people across Wales and England buy properties and save for their future.
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27 Mar 2019

Notice of Change to Savings Product Terms and Conditions

The changes will affect ISAs and Bonds and are effective from April 8 2019

From time to time we review the terms and conditions for our savings accounts. We do this to ensure the terms and conditions are clear and fair for all members.

Following our latest review, we have made the following changes to our terms and conditions which will be effective from April 8 2019:

 

ISAs:

Previously, if ISA maturity instructions were not received, our fixed rate ISAs would mature into the variable rate Instant Cash ISA, or its nearest equivalent.

Following our review, we are making a change to the maturity process and our fixed term ISAs will now mature into our Easy ISA Account.

 

Bonds:

Previously, if bond maturity instructions were not received, our fixed rate bonds would mature into another fixed rate bond of equal or shorter term with no access rights (or the Escalator Instant account where a bond was not available).

Following our review, we are making a change to the maturity process and our bonds will now mature into our Easy Saver Account.

 

Thank you for your continued loyalty.