Newcastle Five Year Fixed Rate Bond (Issue 34)

Are you looking for a savings account with a fixed rate of interest? Invest between £500 and £250,000 in our five year fixed rate bond and enjoy a fixed rate for five years. This account is available via our branches.

Up to 1.65% GROSS/AER*

Summary Information

Summary box
Account Name Newcastle Five Year Fixed Rate Bond (Issue 34)
What is the interest rate?

Annual Gross*/AER**

1.65%/1.65% (Fixed until 25th November 2024)

Interest is paid on: 25th November 2020, 25th November 2021,25th November 2022, 25th November 2023 and 25th November 2024

Monthly Gross*/AER**

1.64%/1.65% (Fixed until 25th November 2024)

Interest is paid on: Last business day of month

Can Newcastle Building Society change the interest rate? The interest rate for this account is fixed and will not change until the maturity date (25th November 2024).  Please refer to point 3 of the Product Special Conditions for further details.
What would the estimated balance be on the maturity date (25th November 2024), based on a £1,000 deposit? Annual (Fixed)
Monthly (Fixed)
Please note: This projection is provided for illustrative purposes only and does not take into account customer's individual circumstances.  This projection is based on an initial £1,000 deposit and no further deposits or withdrawals are made.
How do I open and manage my account? Opening your account
Available in branch
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: £500

Maximum Opening Deposit: £250,000

Maximum Account Balance: £250,000 (plus any resulting interest)

Can I withdraw money? Withdrawals/transfers can be made on up to 25% of the invested amount without notice or penalty.  Further withdrawals are not permitted until maturity (25th November 2024).  Upon maturity your funds will roll into a default savings account which has easy access.
Additional information Tax status:  Interest will be paid gross* which means no tax is deducted.  It is your responsibility to pay any tax due, based on your individual circumstances.

Terms and Conditions

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

Ways to Apply


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

Apply in Branch