Newcastle Two Year Fixed Rate Bond (Issue 42)

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

Up to 1.55% GROSS/AER*

Summary Information

Summary box
Account Name Newcastle Two Year Fixed Rate Bond (Issue 42)
What is the interest rate?

Annual Gross*/AER**

1.55%/1.55% (Fixed until 4th November 2021)

Interest is paid on: 4th November 2019, 4th November 2020 and 4th November 2021

Monthly Gross*/AER**

1.54%/1.55% (Fixed until 4th November 2021)

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 (4th November 2021).  Please refer to point 3 of the Product Special Conditions for further details.
What would the estimated balance be on the maturity date (4th November 2021), based on a £1,000 deposit? Annual (Fixed)
£1,031
Monthly (Fixed)
£1,031
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? No access permitted until maturity (4th November 2021). 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

Branch

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

Apply in Branch