Savings Accounts

Whatever you're saving for, we have a savings account at Newcastle Building Society to suit you. Whether you're saving to buy your first home, thinking about opening a Cash ISA, or setting up a first savers account for your child, you can find all of our savings accounts for 2017 below.

Our account types

Whatever you're saving for, we have a savings account at Newcastle Building Society to suit you. Whether you're saving to buy your first home, thinking about opening a Cash ISA, or setting up a first savers account for your child, you can find all of our savings accounts for 2017 below.

Our current best rate Cash ISAs to meet your savings goals

A Cash ISA - or 'Individual Savings Account' - allows you to save without paying any tax on the interest you accrue. There is an allowance for the amount of money that you are able to save into an ISA each year, and for the 2017/2018 tax year, this is £20,000. At Newcastle Building Society we offer a broad range of ISA products, including ISAs for first time buyers and regular savers, and accounts with fixed or variable interest rates, so you can choose an ISA that will help you to meet your individual savings goals.

What's more, most of our ISAs are flexible. With CustomISA available at the Newcastle, you are able to split your annual Cash ISA allowance between multiple ISA products - so you are no longer tied to just one account. Read our complete guide to Cash ISAs to find out more about our available products, and see all of the Cash ISAs we currently offer below.

Savings accounts explained

Fixed rate bonds have a fixed interest rate for the whole term and allow you to save a lump sum for a fixed amount of time.

  • I want a guaranteed interest rate for a fixed term
  • I have a lump sum to invest
  • I don’t require access over the term of the product
  • I want a longer term saving option
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ISAs allow you to save money without paying tax on your interest. The current ISA allowance for 2017/2018 is £20,000.

I want to save tax efficiently

I want to save monthly tax free

I am a tax payer and don’t want to pay tax on my interest

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Easy access accounts, with access to your savings without an interest penalty or notice period.

  • I want access to my money
  • I'm looking to save as and when I can
  • I have a short term savings goal

 

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Want to be able to save regularly? Our regular saver accounts can offer attractive rates of interest and let you save when you want. Some regular savings accounts may require you to make a monthly deposit to benefit from a regular saver bonus.

  • I want to be rewarded for saving each month
  • I want to build up savings on a regular basis
  • I want to get into a savings habit
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Get your little ones into the savings habit with our special children's savings accounts.

  • I want an account for a child
  • I want to start saving for a child’s future
  • I want to help a child get into a savings habit
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We feel it’s important to recognise the support our members provide us. As a thank you for the continued loyalty we receive, we aim to reward our existing customers by offering exclusive products with enhanced product rates or features.

  • I want to be rewarded for my loyalty
  • I already have an account with the Newcastle
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Savings accounts for first time buyers

We know that saving for your first home deposit can be challenging, so we're proud to offer a choice of savings accounts for first time buyers to help you reach your goal. In addition to a 0.65% bonus for making regularly monthly payments with no withdrawals, our First Home Saver regular savings account and flexible First Home ISA each offer a cash reward of up to £1,000 to help you with the costs of buying your first home.

We are also part of the UK Government's Help to Buy: ISA initiative - our Help to Buy: ISA offers a competitive rate of interest of 2.30%, so you can be well-rewarded for saving for your first home with us. To find out more, read our thorough guide to the Government's Help to Buy scheme which should answer all your questions. With CustomISA you can take advantage of both a Help to Buy: ISA, and a First Home ISA account, to save for your first home even faster

A building society savings account for every type of saver

There's an account for every type of saver at Newcastle Building Society, and with the best rates of interest to offer you peace of mind for your money. See our full range of Regular Savers accounts, which reward you for saving regularly, as well as our Children's Accounts for young savers, as it's never too early to form good financial habits.

If you don't require regular access to your savings, then our Fixed Rate savings accounts can offer a highly competitive savings interest rate. We offer Fixed Rate Bond accounts for one or two years, with the benefit of knowing exactly how much you will receive at the end of the savings term.

You can apply online for each of our savings accounts - simply follow the links at the bottom of each savings product page. Or if you would like to find out more about our full range of savings accounts and our interest rates, or to make an application in person to open a savings account with us, call our Savings team on 0345 734 4345 or book an appointment at your local branch.