The Newcastle First Home ISA

Introducing a regular savings account that offers a cash bonus of up to £1,000, after successfully saving for and should you decide to complete a mortgage with the Newcastle, helping you with the costs involved in buying your first home.

The more you save in the Newcastle First Home Saver, the more cashback you can earn, up to a maximum of £1,000 if your mortgage with the Society is £200,000 or more, this is illustrated in the table below. You may also want to find out more about saving for your first home with our helpful saving for your first home guide.


Newcastle First Home Saver/   ISA savings balance Newcastle Building Society mortgage loan amount Cash reward
£5,000 - £9,999.99 £75,000 + £500
£10,000+ £75,000 - £149,999.99 £500
£150,000 - £199,999.99 £750
£200,000+ £1,000


Including Bonus 1.25% GROSS/AER*
Excluding Bonus 0.60% GROSS/AER*

Summary Information

Summary box
Account Name Newcastle First Home ISA
What is the interest rate?

Interest rate without bonus

Interest rate with bonus (includes a bonus of 0.65% Gross*/AER**)

Monthly 0.60% Gross*/0.60%  AER** (Variable)

Monthly 1.25% Gross*/ 1.26% AER** (Variable)

Interest is paid on
The interest and bonus interest are calculated daily and will be paid into your account monthly on the 1st of each month.
Conditions for the bonus interest rate

You must make at least one Deposit and make no withdrawals in each Calendar Month. The bonus interest on your Account is variable. If you do not make an investment or you make a withdrawal during a Calendar Month, your account will be credited with the non-bonus interest rate, currently 0.60% Gross* / 0.60% AER** (variable), in that calendar month.

Can Newcastle Building Society change the interest rate? We can change the rate of interest payable on this account. The account is a variable rate account which means that the rate of interest paid may change throughout the lifetime of the account. Please refer to point 6 of the Savings General Terms & Conditions which sets out the reasons for which Newcastle Building Society may change the interest and the procedure for doing so.
What would the estimated balance be after the first 12 months of account opening based on a £1,000 deposit? Monthly (Variable) - Including Bonus


This projection is based on an initial £1,000 deposit and 11 further monthly deposits of £100 and no withdrawals are made.

Monthly (Variable) – Excluding Bonus


This projection is based on an initial £1,000 deposit and no further monthly deposits and no withdrawals are made.

Please note: This projection is provided for illustrative purposes only and does not take into account customer’s individual circumstances.
How do I open and manage my account? Opening your account
In branch or online. For existing customers you can also log in to your Newcastle Building Society account online.
Giving us instructions for your account
In branch, by post, by telephone, online or by secure message (for accounts opened and operated online)

Minimum Opening Deposit: £1
Maximum Opening Deposit: £10,000. Transfers from other ISA providers are also permitted.

Minimum Regular Monthly Deposit for the bonus interest rate: £1
Maximum Regular Monthly Deposit for the bonus interest rate: £1,000

Maximum Account Balance: £40,000

Can I withdraw money? Withdrawals/transfers can be made penalty free without notice. Any withdrawals from the account can only be repaid in accordance with the maximum monthly subscription limits.
Additional information

Tax Status:  Interest will be paid gross*.

Terms and Conditions

Please make sure you've read the terms and conditions before applying

Ways to Apply


It only takes a few minutes to complete your application online

Apply Online


Please give us a call on 0345 734 4345 and we will post an application form to you.

(Lines open 8am - 6pm Monday to Friday)


Visit your local branch with proof of identity and residence and we'll open the account for you.

Apply in Branch

It takes about 10 mins