We're sorry, but our website is not compatible with any version of Internet Explorer

To get the best experience we would strongly advise using a more recent and compatible browser such as Google Chrome, Mozilla Firefox, Microsoft Edge or iOS Safari.

Newcastle Five Year Fixed Rate ISA (Issue 55)

Secure your savings with a fixed rate until 18th January 2027.

Rate

1.40 %
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 the Annual Equivalent Rate, a notional rate which illustrates what the interest rate would be if paid and compounded on an annual basis.

  • Open with £500
  • Withdrawals are permitted subject to 365 days loss of interest
  • Tax-free savings
  • Ideal for lump sum investments
  • Apply online or in branch

Summary information

Account Name Newcastle Five Year Fixed Rate ISA (Issue 55)
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 the Annual Equivalent Rate, a notional rate which illustrates what the interest rate would be if paid and compounded on an annual basis.

Monthly interest
1.39% tax-free Pa/ 1.40% AER
(Fixed until 18th January 2027)
Interest is paid on: Last working day of the calendar month

Annual interest
1.40% tax-free PA/AER
(Fixed until 18th January 2027)
Interest is paid on: 18th January 2022, 18th January 2023, 18th January 2024, 18th January 2025, 18th January 2026 and 18th January 2027

Can Newcastle Building Society change the interest rate?

The interest rate for this account is fixed and will not change until the maturity date (18th January 2027). Please refer to point 7 of the Product Special Conditions for further details.

What would the estimated balance be on the maturity date (18th January 2027), based on a £1,000 deposit?

Monthly (fixed): £1,071
Annual (fixed): £1,071

Please note: This projection is provided for illustrative purposes only and does not take into account the 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: In branch or online. For existing online customers you can log into your Newcastle Building Society account to apply.

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: Maximum ISA allowance for the current tax year, as prescribed by HM Revenue and Customs. Transfers from other ISA providers are also permitted.
Maximum account balance: No maximum balance. Please refer to point 4 for further details

Can I withdraw money?

Withdrawals/transfers are permitted. Withdrawals prior to maturity will be subject to 365 days loss of interest. If insufficient interest has been earned then the penalty will be taken from your capital. Upon maturity (18th January 2027) your funds will roll into a default savings account which has easy access.

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.

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.