Newcastle Building Society is the biggest building society in the North East. 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.
Newcastle Building Society's top savings rate of 8% is available on one of its easy access accounts.
What is Newcastle Building Society's best savings account with the highest interest rate?
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Newcastle Building Society offers, plus the highest interest rate currently available.
Firstly, you need to decide what you’re looking for in a savings account. How often are you planning to withdraw 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).
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.
Customer service information for Newcastle Building Society
Email support
Telephone support
In-app or live chat
Contact form
Branch support
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
Eligible deposits with Newcastle Building Society are protected for up to £120,000. In addition, Newcastle Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Most savings accounts can be opened online. The only exceptions are children’s savings accounts and business savings accounts (for limited companies), which have to be opened in branch.
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Felix Thompson is a freelance writer at Finder. He covers everything from digital banking to car insurance and, whatever the topic, he aims to make it easy for consumers to get straight to the best deal. Felix has a postgraduate qualification in international journalism and is also a broadcast journalist. In his spare time, he loves to cycle.
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Whatever you’re saving for, find the right Ford Money savings account for you. Ford Money offers a range of savings accounts and ISAs, and our guide takes you through the details.
Choosing between ISAs or normal savings accounts is easier than it seems. Pick the one which pays out most! Read our guide for tips on how to get the most out of your savings pot.
A cash ISA is a savings account where you never pay tax on the interest. Use our comparison table to find the best ISA rates – whether you want to lock cash in for a set time or keep it easy access.
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Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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