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5.40%
Gross PA/AER (Variable)Open with £1 and save up to £500 per calendar month
A variable rate of interest, paid to your account on the anniversary of the day we receive your initial Deposit.
24 months after account opening, funds will move to a variable rate, easy access account
Apply online or in branch.
Gross interest is the full rate of interest you earn, before any tax is taken off. We won’t deduct tax from the interest we pay on money in your account. You will need to pay any tax you may owe to HM Revenue & Customs (HMRC). AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and added to your account each year.
Your eligible deposits with Newcastle Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. This limit is applied to the total of any deposits you have with Newcastle Building Society and Manchester Building Society (as a trading name of Newcastle Building Society). Any deposits you hold above the £120,000 limit are unlikely to be covered.
Pop in to our new home at 74 King Street to have a cuppa and a chat about your savings.
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