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Savings interest rate Frequently Asked Questions

How can I find the best savings interest rates?

You can find our best savings rate by viewing our Current Interest Rates. This provides the savings interest rates of all our savings accounts and also includes a brief description of any restrictions that apply to the account.

Alternatively, you can use our investment calculator to find our how much interest you could earn on your savings with each account.

How will my interest be paid?

This depends on the account you choose. Some savings accounts give you the option of monthly interest or annual interest. ISA savings accounts only offer annual interest. You may also be able to choose the account that your interest is paid into. Please refer to individual saving account pages for more information.

Is my interest rate fixed?

Fixed interest rates are available with certain savings accounts and bonds. However, in most cases your rate will be variable. Please refer to individual savings account pages for more information.

When will I start earning interest on cheque deposits?

If you make a deposit by cheque, you will begin earning interest on the second working day after we received it (working days do not include Saturdays, Sundays, or Bank Holidays). Interest will be paid on the deposit until the day before it is withdrawn.

For security reasons, cheques should be made payable to Newcastle Building Society, your name, account number XXXXXXX (if known).