Newcastle Building Society

Newcastle Building Society: Savings accounts and interest rates

Newcastle Building Society offers a broad range of savings accounts with interest rates up to 5.2%.

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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 4.75% is significantly lower than today's market-best rate of 8%.
Name Product Account type Withdrawals Min. opening balance Interest rate Deposit protection Open via Incentive Apply link
Newcastle BS – Newcastle Double Access ISA (Issue 1)
Cash ISA
Instant access
£1
4.75% AER variable
FSCS logo
protected
Open via: branch, website
Go to site
View details
Newcastle BS – Newcastle Double Access Saver (Issue 1)
Variable
Instant access
£1
4.75% AER variable
FSCS logo
protected
Open via: branch, website
Go to site
View details
Newcastle BS – Newcastle Easy Saver (Issue 5)
Variable
Instant access
£1
3% AER variable
FSCS logo
protected
Open via: branch, website
Go to site
View details
Newcastle BS – Newcastle Easy Saver (Issue 5)
Variable
Instant access
£1
3% AER variable
FSCS logo
protected
Open via: branch, website
Go to site
View details
Newcastle BS – Newcastle Easy Saver ISA (Issue 5)
Cash ISA
Instant access
£1
3% AER variable
FSCS logo
protected
Open via: branch, website
Go to site
View details
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Cash ISAs

Table: sorted by interest rate
Newcastle Building Society's best cash ISA rate of 5.2% is very slightly lower than today's market-best rate of 5.55%.
Name Product Interest rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description Apply link
Newcastle BS – 1 Year Fixed Rate ISA (Issue 76)
5.2% AER fixed until 16.12.24
£1
Monthly
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website
Go to site
View details
Newcastle BS – 1 Year Fixed Rate ISA (Issue 76)
5.2% AER fixed until 16.12.24
£1
On maturity
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website
Go to site
View details
Newcastle BS – 18 Month Fixed Rate ISA (Issue 20)
5.1% AER fixed until 23.06.25
£1
Monthly
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website
Go to site
View details
Newcastle BS – 18 Month Fixed Rate ISA (Issue 20)
5.1% AER fixed until 23.06.25
£1
Yearly
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website
Go to site
View details
Newcastle BS – 2 Year Fixed Rate ISA (Issue 94)
5% AER fixed until 15.12.25
£1
Yearly
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website
Go to site
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Fixed-rate bonds

Table: sorted by interest rate
Newcastle Building Society's best fixed-rate bond rate of 5.2% is slightly lower than today's market-best rate of 5.8%.
Name Product Interest rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description Apply link
Newcastle BS – 1 Year Fixed Rate Bond (Issue 76)
5.2% AER fixed until 16.12.24
£1 - £250,000
Monthly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
View details
Newcastle BS – 1 Year Fixed Rate Bond (Issue 76)
5.2% AER fixed until 16.12.24
£1 - £250,000
On maturity
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
View details
Newcastle BS – 18 Month Fixed Rate Bond (Issue 20)
5.1% AER fixed until 23.06.25
£1 - £250,000
Monthly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
View details
Newcastle BS – 18 Month Fixed Rate Bond (Issue 20)
5.1% AER fixed until 23.06.25
£1 - £250,000
Yearly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
View details
Newcastle BS – 2 Year Fixed Rate Bond (Issue 94)
5% AER fixed until 15.12.25
£1 - £250,000
Monthly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
View details
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Notice savings accounts

Table: sorted by interest rate
Newcastle Building Society's best notice savings account rate of 4.25% is lower than today's market-best rate of 5.58%.
Name Product Account type Withdrawals Open with Deposit protection Interest rate Open via Incentive Table product description Apply link
Newcastle BS – 100 Day Notice Cash ISA (Issue 1)
Cash ISA
100 days notice needed (charge applies )
£1
FSCS logo
protected
4.25% AER variable
Open via: branch, website
Go to site
View details
Newcastle BS – 100 Day Notice Cash ISA (Issue 1)
Cash ISA
100 days notice needed (charge applies )
£1
FSCS logo
protected
4.25% AER variable
Open via: branch, website
Go to site
View details
Newcastle BS – 100 Day Notice Saver (Issue 1)
Variable
100 days notice needed
£1 - £250,000
FSCS logo
protected
4.25% AER variable
Open via: branch, website
Go to site
View details
Newcastle BS – 100 Day Notice Saver (Issue 1)
Variable
100 days notice needed
£1 - £250,000
FSCS logo
protected
4.25% AER variable
Open via: branch, website
Go to site
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Business savings accounts

Table: sorted by interest rate
Newcastle Building Society's best business savings account rate of 4.1% is lower than today's market-best rate of 5.7%.
Name Product Interest rate and type Interest paid Invest Term Open via Incentive Table product description Apply link
Newcastle BS – Newcastle Business 90 Day Notice Saver
4.1% AER variable
Anniversary of account opening
£1 - £1,000,000
90 days notice
Open via: branch, website
Go to site
View details
Newcastle BS – Newcastle Business 90 Day Notice Saver
4.1% AER variable
Monthly
£1 - £1,000,000
90 days notice
Open via: branch, website
Go to site
View details
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Overview of Newcastle Building Society savings

Savings account types include Easy access, cash ISAs, fixed-rate bonds, notice accounts, business
Best easy access rate 4.75%
Best cash ISA rate 5.2%
Best fixed-rate bond rate 5.2%
Best notice account rate 4.25%
Best business savings account rate 4.1%
Fixed bond terms 1 year - 2 years
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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