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NewcastleNet 7
Up to 1.84% Gross/AER*
Get a great savings rate with our online savings account
If you're looking for a competitive savings rate, you might want to try an online savings account like our NewcastleNet account. It gives you a competitive savings interest rate with the added bonus of easy access to your account.
Complete control over your savings
Managing your savings is easy with an online savings account. You can move your savings between accounts whenever you want, giving you complete control over your money. Your online savings account also allows you to customise and download statements, set up Direct Debits and check the latest savings interest rates.
Is this account right for you?
If you're still wondering which savings account is right for you, our friendly advisers will be happy to help. Simply pop into your local branch or call 0845 600 4368.
Product Terms
General Terms and Conditions
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Summary Box Key Product Information for our Savings Account
| Account Name |
NewcastleNet 7 |
| Interest Rates |
Annual (Variable) |
Monthly (Variable) |
| |
1.84% Gross/AER* |
1.69% Gross/1.70% AER* |
| Tax Status |
Interest will be paid after the deduction of income tax at the appropriate rate unless you request otherwise. |
| Conditions for bonus payment |
No bonus is applicable. |
| Withdrawal arrangements |
Withdrawals are permitted without notice or loss of interest. |
| Account Operation |
Online |
| Minimum Balance |
£250 |
| Maximum Balance |
£250,000 |
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How it works
General Terms and Conditions
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How does the account work?
NewcastleNet is an online account offering a variable rate of interest. Your initial investment can be made by cheque or electronic transfer.
The account, which is convenient and easy to operate, allows you to view statements online, and move money to and from your nominated bank account, all with the security offered by a safe and secure operating environment (128 bit encryption).
Manage everything from your account
- Transfer money into and out of your account
- Easy access to your account
- Download information in a spreadsheet for reconciliation purposes
- Customise your own statements
- Check the current interest rate on your account
- Set up Direct Debit payments into or out of your account
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* 'Gross' interest is the contractual rate of interest payable before the deduction of income tax.
'AER' means "Annual Equivalent Rate" and is a notional rate which illustrates the contractual interest rate (excluding any bonus payable) as if paid and compounded on an annual basis.
