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Home Savings Cash ISAs Newcastle Double Access ISA (Issue 3)

Newcastle Double Access ISA (Issue 3)

A variable rate of interest which allows 2 withdrawals each year without notice.

Rate

Including bonus

4.50 %
Tax-free PA/AER

Tax-free refers to the contractual rate of interest payable, where interest is exempt from income tax. The tax information provided is based on the current law and HM Revenue & Customs practice, both of which may change. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and added to your account each year.

Excluding bonus

2.90 %
Tax-free PA/AER

Tax-free refers to the contractual rate of interest payable, where interest is exempt from income tax. The tax information provided is based on the current law and HM Revenue & Customs practice, both of which may change. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and added to your account each year.

  • Open with: £1
  • 2 withdrawals permitted each anniversary year
  • 2.90% tax-free pa/AER will be paid upon making 3 or more withdrawals
  • Invest up to: £250,000 (plus any resulting interest)
  • Apply online or in branch
Ways to apply

Summary information

Account Name

Newcastle Double Access ISA (Issue 3)

What is the interest rate?

Tax-free refers to the contractual rate of interest payable, where interest is exempt from income tax. The tax information provided is based on the current law and HM Revenue & Customs practice, both of which may change. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and added to your account each year.

2 withdrawals or less (in each Annual Anniversary period)

Annual (Variable) 4.50% tax-free pa/AER
Interest is paid on: Annual anniversary of account opening.

Upon 3rd withdrawal (in each Annual Anniversary period)

Annual (Variable) 2.90% tax-free pa/AER
Interest is paid on: Annual anniversary of account opening.

Can Newcastle Building Society change the interest rate?

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 section 3 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.

The ‘upon 3rd withdrawal’ interest rate will apply from your 3rd withdrawal date until the day prior to your account opening Annual Anniversary date.  The interest rate and withdrawal limits will be reset on your account Annual Anniversary date.

On 30th June 2026 your account will mature into an easy access account with a variable interest rate. Please refer to point 11 of the Product Special Conditions for further details.

What would the estimated balance be after 12 months of account opening based on a £1,000 deposit? Please note: These projections are provided for illustrative purposes only and do not take into account customer’s individual circumstances.

No withdrawals (Variable)
£1,045

Please note: This projection is based on an initial £1,000 Deposit and no further Deposits or withdrawals are made.

3 withdrawals made (Variable)
£1,003

Please note: This projection is based on an initial £1,000 deposit, 3 withdrawals of £10 are made at the end of months 1, 2, and 3 and no further withdrawals made following this in the first 12 months from the account opening date.

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 to apply.

Giving us instructions for your account: In branch, by post, by telephone, or by secure message (for accounts opened and operated online).

Funding my account : You can find information here on how to fund your new savings account

Minimum Opening Deposit:   £1

Maximum Opening Deposit:  Maximum ISA allowance for the current tax year, as prescribed by HM Revenue and Customs. Transfers from other ISA providers are also permitted.

Minimum Operating Balance: £1

Maximum Account Balance:   No maximum balance. Please refer to point 5 for further details.

Can I withdraw money?

Withdrawals/transfers can be made and are limited to 2 per Annual Anniversary period, to qualify for the ‘2 withdrawals or less’ rate.  If 3 or more withdrawals are made from the account per Annual Anniversary period, you will be paid the ‘Upon 3rd withdrawal’ interest rate until the day before your account Annual Anniversary date. The number of withdrawals limit is reset on the account Annual Anniversary date each year.

On 30th June 2026 your account will mature into an easy access account with a variable interest rate. Please refer to point 11 of the Product Special Conditions for further details.

Additional Information

Tax status: ISA interest is paid tax-free, which means it’s exempt from income tax.  Tax rules may change in the future.

Terms and Conditions

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

Ways to apply

Online

It will only take a few minutes to complete your application online.

Apply for a new account

In branch

Visit your local branch. If you’d like to open an account in-branch, you may need to arrange an appointment. Before visiting, please call ahead.