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2 Year Fixed Rate Bond
3.95%
Gross PA/AER-
Open with £1 and invest up to £1 million
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Fixed rate for 2 year
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No withdrawals
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Apply online or in branch
1 Year Fixed Rate Bond
4.10%
Gross PA/AER-
Open with £1 and invest up to £1 million
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Fixed rate for 1 year
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No withdrawals
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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 means Annual Equivalent Rate. It shows what the interest rate would be if interest was paid into your account once a year and you earned interest on that interest.
Protecting your money
Your eligible deposits with Newcastle Building Society are protected up to a total of £85,000 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 £85,000 limit are unlikely to be covered.
Frequently asked questions
Yes, as we're an FSCS authorised building society £85,000 per person is protected with us, anything above this amount is not protected. Find out more about FSCS protection.
You'll have the option to take it out, put it into a new savings account with a fixed rate, or move it to another savings account. We’ll get in touch before that happens to go through the options.
The account becomes part of the deceased’s estate. The executor will need to contact us to arrange the transfer or closure of the account.
Fixed-rate accounts usually require a single deposit when opened, so additional transfers may not be allowed. Check the terms of your chosen account.
Yes, you can open multiple fixed rate savings accounts, but each will have its own terms and conditions.
No, the interest rate stays the same the whole time, so it won’t go up or down.
Your Personal Savings Allowance (PSA) is the total amount of interest you can earn each tax year, across all of your accounts except ISAs with any bank or building society without paying tax.
The tax year runs from 6 April to 5 April. For basic rate taxpayers the PSA is £1,000 and for higher rate taxpayers it is £500. Additional rate taxpayers don’t have a PSA.