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Newcastle Building Society: Savings accounts and interest rates
Newcastle Building Society offers a broad range of savings accounts with interest rates up to 3.85%.
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Newcastle Building Society is the biggest building society in the North East, with a history spanning over 150 years.
These days people from across the UK can open a range of savings account options with the mutual, from fixed rate bonds to ISAs, as well as other options.
Read our guide to find out if any of Newcastle Building Society’s savings accounts are for you.
Easy access savings accounts
Table: sorted by interest rate
Newcastle Building Society's best easy access rate of 2.95% is significantly lower than today's market-best rate of 5.12%.
Compare more instant and easy access accounts up to 5.12%
Cash ISAs
Table: sorted by interest rate
Newcastle Building Society's best cash ISA rate of 3.85% is very slightly lower than today's market-best rate of 4.26%.
Compare more ISAs up to 4.26%
Fixed-rate bonds
Table: sorted by interest rate
Newcastle Building Society's best fixed-rate bond rate of 3.85% is slightly lower than today's market-best rate of 4.68%.
Notice savings accounts
Table: sorted by interest rate
Newcastle Building Society's best notice savings account rate of 3.1% is lower than today's market-best rate of 4%.
Compare more notice savings accounts up to 4%
Business savings accounts
Table: sorted by interest rate
Newcastle Building Society's best business savings account rate of 3.25% is lower than today's market-best rate of 4.5%.
Compare more business savings accounts up to 4.5%
Overview of Newcastle Building Society savings
| Savings account types include | Easy access, cash ISAs, fixed-rate bonds, notice accounts, business |
|---|---|
| Best easy access rate | 2.95% |
| Best cash ISA rate | 3.85% |
| Best fixed-rate bond rate | 3.85% |
| Best notice account rate | 3.1% |
| Best business savings account rate | 3.25% |
| Fixed bond terms | 1 year 1 month - 3 years 1 month |
| Notice account periods available | 100 days |
| Opening options | Branch, website |
| FSCS protection |
How do I decide which account is for me?
Firstly, you need to decide what you’re looking for in a savings account. How often are you planning to draw out money? How much money can you afford to save each month?
You need to work out what you need before comparing the different offers available for certain types of savings accounts. Once you’ve done that, it’s useful to look at:
- Interest rates.
- Fees (if there are any).
- Access to cash (if you need quick access, for instance).
- Rewards and loyalty schemes (if you’re into add-ons or switching bonuses).
What are the pros and cons of banking with Newcastle Building Society?
Pros
- Online banking. Even if you’re not based in the North East, you can open an account with the Newcastle Building Society online.
- Choice. Newcastle Building Society offers a whole range of savings accounts. Whether you’re looking to save big or small.
- Easily accessible. It lets customers manage their accounts in a branch, online, over the phone or by post.
Cons
- Better rates elsewhere? It’s not market leading for all its savings account options. It’s always worth shopping around.
- Remote. If you prefer face-to-face banking and you don’t live in the North East of England, then you may have problems with this Building Society.
Our verdict
Newcastle Building Society offers a range of savings options, from easy access and fixed-rate accounts, so you should be able to find an account to suit you. It’s still worth checking out the competition, though, so read our other savings reviews to see how Newcastle Building Society weighs up against the competition.
Frequently asked questions
Savings ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our customer satisfaction scores ("Customers say") are based on a survey of 2,224 customers carried out in December 2022.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
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