Interest Rates

Important changes will be made to our product portfolio which will be effective from 1st July 2013. Your account may be affected by these changes. You can view this information from the AGM Rate Booklet (PDF).

Please refer to the Product Special Conditions and Savings General Terms and Conditions for full product details. All rates are variable except where indicated.

Current Variable Rate Savings Accounts - Interest Rates

View the Previous Rates for our Variable Savings Accounts

View Closed Variable Savings Account Rates

Revision date: 11 April 2013.

Account Name Interest Paid Balance Gross % Net % AER %
Newcastle Big Little Saver
Bonus rate includes a conditional bonus of 1.00% paid monthly. To qualify for the bonus you must make at least one deposit and no withdrawals in each bonus qualifying period.

Rates effective from 23 February 2011		 Monthly (inc. bonus) £1+2.982.383.00
Monthly (exc. bonus) £1+1.981.582.00
Newcastle Big Little Junior ISA
You must make at least one deposit in each bonus qualifying period. Withdrawals are not permitted until the child’s 18th birthday.

Rates effective from 3 April 2012		 Monthly (inc. bonus) £1+2.98-3.00
Monthly (exc. bonus) £1+1.98-2.00
Newcastle Junior ISA
Withdrawals are not permitted until the child’s 18th birthday.

Rates effective from 2 April 2012		 Annually £1+2.60-2.60
The Sir Bobby Robson Foundation Saver/ISA (Issue 4)
The Society will pay an additional 0.10% of the average balance held in all Sir Bobby Robson Foundation Accounts at the end of each month to the Sir Bobby Robson Foundation annually. ISA interest is paid Gross.

Rates effective from 13 February 2013		 Annually £1+1.501.201.50
Monthly £1+1.251.001.26
Newcastle Big Home Saver/ISA
Bonus rate includes a conditional bonus of 1% paid monthly. To qualify for the bonus you must make at least one deposit and no withdrawals in each bonus qualifying period. A cash bonus of £500 will be paid for balances of £5,000 - £9,999,99 held in the account upon completion of a mortgage with the Newcastle. £1,000 will be paid for balances of £10,000+ upon completion of a mortgage with the Newcastle. ISA interest is paid Gross.

Rates effective from 21 September 2011		 Monthly (inc. bonus) £1+2.982.383.00
Monthly (exc. bonus) £1+1.981.582.00
Newcastle 55/Newcastle 55 ISA
The annual interest rate is guaranteed to be equal to the Bank of England Base Rate until 7th September 2017. ISA interest is paid Gross Annually.

Rates effective from 6 March 2009		 Annually £1 - £1,000,0000.500.400.50
Monthly £1 - £1,000,0000.250.200.25

‘AER’ stands for Annual Equivalent Rate, a notional rate which illustrates what the interest rate would be if paid and compounded on an annual basis. ‘Gross’ interest is the contractual rate of interest payable before the deduction of income tax.

Important Information

Please read the Terms and Conditions below which relate to each of our savings accounts.

  • All returns will be paid after deduction of income tax at the appropriate rate (currently 20%*) or, subject to the required certification, Gross.
  • Individuals who are non-tax payers, and who have not registered to receive their interest without tax deducted, can claim a repayment of tax from HM Revenue & Customs.
  • Individuals whose interest falls within the basic rate band (currently 20%*) will have no more tax to pay on their interest.
  • Individuals who are higher rate tax-payers will have to pay the extra tax due on their interest (the difference between tax deducted at appropriate rate (currently 20%*) and the higher/additional rate (currently 40%/50%*)).
  • If you make your investment by cheque it will earn interest from the second business day after receipt. When an investment is made in cash or bank transfer or from another account with the Society (cleared funds) or an Automated Payment, interest is paid from the day of receipt until the day prior to withdrawal. (Business days exclude Saturdays, Sundays and English Bank Holidays).
*The rate of tax is subject to legislation and may vary in future

Whenever the Newcastle revises its rates, notification and details of any changes are always published in one of the following ways:

  • Notices and leaflets displayed in all of our branches; or
  • Press advertisements placed in two national daily newspapers; The Daily Express and The Times; or
  • On our website: www.newcastle.co.uk.

Closed Account Interest Rates

Account Name Interest paid Balance Gross % Net % AER %
Newcastle Monthly Saver
Bonus rate includes a conditional bonus of 2.00% paid annually on anniversary of account opening. Should you make 2 or more withdrawals then Nova Plus (Issue 4) rates will apply.

Rates effective from 2 January 2009		 Annually (inc. bonus) £10 - £1,000,0002.101.682.10
Annually (exc. bonus) £10 - £1,000,0000.100.080.10
Access ISA

Rates effective from 11 April 2013		 Annually £1+ 1.50 - 1.50
Base Rate Plus Bond (Issue 1)

Rates effective from 3 March 2009		 Annually £10,000 - £500,000 0.51 0.41 0.51
Monthly £10,000 - £500,000 0.51 0.41 0.51
Children's Regular Saver
Bonus rate includes a conditional bonus of 2.00% paid annually on the anniversary of account opening. Should you make seven or more withdrawals then Nova Plus (Issue 4) rates will apply.

Rates effective from 3 March 2009		 Annually (inc. bonus) £1 - £1,000,000 2.10 1.68 2.10
Annually (exc. bonus) £1 - £1,000,000 0.10 0.08 0.10
E Saver

Rates effective from 3 April 2009		 Annually £1 - £1,000,000 0.75 0.60 0.75
Monthly £1 - £1,000,000 0.60 0.48 0.60
E Saver ISA

Rates effective from 3 April 2009		 Annually £1+ 0.75 - 0.75
Family Saver Plus/Family Saver Plus ISA
ISA interest paid gross annually
Rates effective from 6 March 2009		 Annually £100 - £1,000,000 0.50 0.40 0.50
Monthly £1000 - £1,000,000 0.25 0.20 0.25
Maturity+/Maturity+ ISA (Issue 1 & 2) (Maturity Exclusive)
ISA interest paid Gross annually.

Issue 1 rates effective from 6 March 2009. Issue 2 rates effective from 3 November 2009.		 Annually £1 - £1,000,000 1.50 1.20 1.50
Monthly £1000 - £1,000,000 1.25 1.00 1.26
Newcastle Access Maturity Account / ISA (Maturity Exclusive)

Rates effective from 4 October 2012		 Annually £1+ 0.50 0.40 0.50
Monthly £1+ 0.25 0.20 0.25
Newcastle Reward Saver/Newcastle Reward ISA

Rates effective from 30 April 2010		 Annually £500 - £1,000,000 1.75 1.40 1.75
Monthly £5000 - £1,000,000 1.66 1.35 1.67
Newcastle Online Access ISA

Rates effective from 1 April 2013		 Annually £1+ 1.65 - 1.65
Newcastle ISA+

Rates effective from 7 January 2010		 Annually £3,000+ 2.25 - 2.25
£1 - £2,999 1.75 - 1.75
Newcastle ISA+ (Issue 2)

Rates effective from 7 January 2010		 Annually £3,600+ 1.75 - 1.75
£1 - £3,599 1.25 - 1.25
Newcastle ISA+ (Issue 3)

Rates effective from 5 February 2013		 Annually £1+ 1.75 - 1.75
Newcastle Loyalty Access Saver (Maturity Exclusive)

Rates effective from 11 April 2013		 Annually £500+ 2.00 1.60 2.00
£1 - £499 0.10 0.08 0.10
Monthly £500+ 1.75 1.40 1.75
£1 - £499 0.10 0.08 0.10
Newcastle Loyalty Access Saver/ISA (Issue 2) (Maturity Exclusive)

Rates effective from 5 February 2013		 Annually £1+ 2.25 1.80 2.25
Monthly £1+ 2.00 1.60 2.02
NewcastleNet (Issue 7)

Rates effective from 1 April 2013		 Annually £250 - £250,000 1.50 1.20 1.50
Monthly £250 - £250,000 1.35 1.08 1.36
NewcastleNet Online Saver

Rates effective from 30 April 2010		 Annually £1 - £500,000 2.00 1.60 2.00
Monthly £1000 - £500,000 1.75 1.40 1.76
Newcastle Online Access Saver Deposit/ISA (Maturity Exclusive)
ISA interest paid Gross annually.

Rates effective from 30 June 2010		 Annually £100,000+ 0.50 0.40 0.50
£10,000 - £99,999 0.25 0.20 0.25
£5,000 - £9,999 0.15 0.12 0.15
£1,000 - £4,999 0.10 0.08 0.10
£0 - £999 0.10 0.08 0.10
Monthly £100,000+ 0.25 0.20 0.25
£10,000 - £99,999 0.10 0.08 0.10
£5,000 - £9,999 0.10 0.08 0.10
£1,000 - £4,999 0.10 0.08 0.10
£0 - £999 0.10 0.08 0.10
Newcastle Access Saver Deposit/ISA (Maturity Exclusive)
ISA interest paid Gross annually.

Rates effective from 30 June 2010		 Annually £100,000+ 0.25 0.20 0.25
£10,000 - £99,999 0.20 0.16 0.20
£5,000 - £9,999 0.15 0.12 0.15
£1,000 - £4,999 0.10 0.08 0.10
£0 -£999 0.10 0.08 0.10
Monthly £0 - £100,000+ 0.10 0.08 0.10
Newcastle Bonus Saver Deposit/ISA (Maturity Exclusive)
ISA interest paid Gross annually.

Rates effective from 30 June 2010		 Annually (inc. bonus) Bonus rate includes a conditional bonus of 0.80% subject to no more than 2 withdrawals made between 1 December and 30 November each year. £1+ 0.90 0.72 0.90
Monthly (inc. bonus) Bonus rate includes a conditional bonus of 0.75% subject to no more than 2 withdrawals made between 1 December and 30 November each year. £1+ 0.85 0.68 0.85
Annually (exc. bonus) £1+ 0.10 0.08 0.10
Monthly (exc. bonus) £1+ 0.10 0.08 0.10
Newcastle Bonus Saver/ISA (Issue 2)
Bonus rates include an unconditional bonus of 0.95% for the first 12 months from account opening date. ISA interest is paid Gross.

Rates effective from 5 February 2013		 Annually (inc. bonus) £1+ 3.05 2.44 3.05
Monthly (inc. bonus) £1+ 2.80 2.24 2.84
Annually (exc. bonus) £1+ 1.75 1.40 1.75
Monthly (exc. bonus) £1+ 1.50 1.20 1.51
Newcastle Online Bonus Saver
Penalty free withdrawals limited to a maximum of four withdrawals per year.

Rates effective from 5 February 2013		 Annually (exc. bonus) £1 - £500,000 1.75 1.40 1.75
Newcastle Online Access Saver

Rates effective from 1 April 2013		 Annually £500 - £1,000,000 1.65 1.32 1.65
Monthly £500 - £1,000,000 1.40 1.12 1.41
Newcastle Online Easy Saver

Rates effective from 1 April 2013		 Annually £1 - £50,000 1.65 1.32 1.65
Monthly £1 - £50,000 1.40 1.12 1.41
Newcastle Base Rate Tracker Deposit/ISA (Maturity Exclusive)
ISA interest paid Gross annually.

Rates effective from 30 June 2010		 Annually £1 - £1,000,000 0.25 0.20 0.25
Monthly £1 - £1,000,000 0.25 0.20 0.25
NewcastleNet Bonus Account (Issue 1)

Rates effective from 30 April 2010		 Annually £1,000 - £1,000,000 0.85 0.68 0.85
NewcastleNet Savings & Shares (Issue 1)

Rates effective from 7 July 2011		 Annually £10,000+ 0.59 0.47 0.59
£1 - £9,999 0.44 0.35 0.44
Monthly £10,000+ 0.44 0.35 0.44
£1 - £9,999 0.29 0.32 0.29
Newcastle Loyalty Access Saver/ISA (Issues 3 & 4) (Maturity Exclusives)
Rates effective from 11 April 2013		 Annually £1+ 2.00 1.60 2.00
Monthly £1+ 1.75 1.40 1.75
Newcastle Direct Saver Plus
Penalty free withdrawals limited to a maximum of four withdrawals per year.
*Interest rates (upon 5th withdrawal until anniversary date).

Rates effective from 5 February 2013		 Annually £1+ 2.00 1.66 2.00
Monthly £1+ 1.75 1.40 1.76
Annually* £1+ 0.10 0.80 0.10
Monthly* £1+ 0.10 0.08 0.10
Notice+

Rates effective from 30 April 2010		 Annually £15,000 - £1,000,000 0.90 0.72 0.90
£1 - £14,999 0.60 0.48 0.60
Monthly £15,000 - £1,000,000 0.65 0.52 0.65
£1 - £14,999 0.35 0.28 0.35
Nova ISA

Rates effective from 3 April 2009		 Annually £1+ 0.30 - 0.30
Nova Plus (Issue 3)

Rates effective from 23 March 2011		 Annually £1 - £300,000 0.10 0.08 0.10
Monthly £5,000 - £300,000 0.10 0.08 0.10
Nova Plus (Issue 4)

Rates effective from 8 January 2011		 Annually £1 - £1,000,000 0.10 0.08 0.10
Monthly £1 - £1,000,000 0.10 0.08 0.10
Savings Account (Formerly AMP Savings Account)
Bonus rate includes a conditional bonus of 0.50% added to the account, if 2 deposits and no withdrawals have been made in the 12 months up to, and including 20 March each year. This amount will be included in the annual interest that is paid on 31 March.

Rates effective from 6 January 2011		 Annually (inc. bonus) £1 - £250,000 0.60 0.48 0.60
Annually (exc. bonus) £1 - £250,000 0.10 0.08 0.10
Save & Care Account
Rate reduced to 0.75% Gross/AER, if a donation is made to Nottinghamshire Hospice.

Rates effective from 3 August 2010		 Annually £1 - £300,000 1.00 0.80 1.00
Monthly £5,000 - £300,000 1.00 0.80 1.00
Shelter Account
An annual donation will be paid to Shelter equivalent to 1.00% of the average total balances.

Rates effective from 6 Feburary 2009		 Annually £1 - £300,000 0.35 0.28 0.35
Monthly £5,000 - £300,000 0.35 0.28 0.35
Step Up Cash ISA

Rates effective from 3 April 2009		 Annually £36,000+ 1.75 - 1.75
£24,000 - £35,999 1.60 - 1.60
£18,000 - £23,999 1.45 - 1.45
£6,000 - £17,999 1.30 - 1.30
£1 - £5,999 1.00 - 1.00
The Sir Bobby Robson Foundation Saver/ISA (Issue 1 & 2)
The Society will pay an additional 0.10% of the average balance held in all Sir Bobby Robson Foundation Accounts at the end of each month to the Sir Bobby Robson Foundation annually. ISA interest is paid Gross.

Rates effective from 5 February 2013		 Annually £1+ 2.00 1.66 2.00
Monthly £1+ 1.75 1.40 1.76
The Sir Bobby Robson Foundation Saver/ISA (Issue 3)
The Society will pay an additional 0.10% of the average balance held in all Sir Bobby Robson Foundation Accounts at the end of each month to the Sir Bobby Robson Foundation annually. ISA interest is paid Gross.

Rates effective from 21 November 2012		 Annually £1+2.001.602.00
Monthly £1+1.751.401.76
30 Day Notice ISA

Rates effective from 3 April 2009		 Annually £1+ 0.40 - 0.40
Variable Online ISA

Rates effective from 3 April 2009		 Annually £1+ 0.60 - 0.60
Newcastle 50:50 ISA

Rates effective from 5 February 2013		 Annually £1+ 1.75 - 1.75
Direct Tracker (Issue 1)

Rates effective from 3 April 2009		 Annually £1+ 0.50 0.40 0.50
Future Account

Rates effective from 23 March 2011		 Annually £10+ 0.90 0.72 0.90
Prime Time
Over 50s Only.

Rates effective from 3 April 2009		 Annually £1+ 0.45 0.36 0.45
Monthly £1+ 0.20 0.16 0.20
Regular Saver Plus
Bonus rate includes a conditional
bonus of 2.00% paid annually on
anniversary of account opening,
subject to one deposit made
each month and no more than one
withdrawal per calendar year.

Rates effective from 30 December 2009		 Annually (inc. bonus) £1+ 2.10 1.68 2.10
Annually (exc. bonus) £1+ 0.10 0.08 0.10

‘AER’ stands for Annual Equivalent Rate, a notional rate which illustrates what the interest rate would be if paid and compounded on an annual basis. ‘Gross’ interest is the contractual rate of interest payable before the deduction of income tax.

Important Information

Please read the Terms and Conditions below which relate to each of our savings accounts.

  • All returns will be paid after deduction of income tax at the appropriate rate (currently 20%*) or, subject to the required certification, Gross.
  • Individuals who are non-tax payers, and who have not registered to receive their interest without tax deducted, can claim a repayment of tax from HM Revenue & Customs.
  • Individuals whose interest falls within the basic rate band (currently 20%*) will have no more tax to pay on their interest.
  • Individuals who are higher rate tax-payers will have to pay the extra tax due on their interest (the difference between tax deducted at appropriate rate (currently 20%*) and the higher/additional rate (currently 40%/50%*)).
  • If you make your investment by cheque it will earn interest from the second business day after receipt. When an investment is made in cash or bank transfer or from another account with the Society (cleared funds) or an Automated Payment, interest is paid from the day of receipt until the day prior to withdrawal. (Business days exclude Saturdays, Sundays and English Bank Holidays).
*The rate of tax is subject to legislation and may vary in future

Whenever the Newcastle revises its rates, notification and details of any changes are always published in one of the following ways:

  • Notices and leaflets displayed in all of our branches; or
  • Press advertisements placed in two national daily newspapers; The Daily Express and The Times; or
  • On our website: www.newcastle.co.uk.

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