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100 Day Notice Saver (Issue 1)

Rate

4.25 %
Gross PA/AER

Gross interest is the contractual rate of interest, without the deduction of tax. 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. It is your responsibility to pay any tax due, based on your individual circumstances.

  • Open with: £1
  • Withdrawals subject to 100 days notice
  • Invest up to: £250,000 (plus any resulting interest)
  • Variable Interest rate paid annually or monthly
  • Apply online or in branch

Summary information

Account Name

100 Day Notice Saver (Issue 1)

What is the interest rate?

Gross interest is the contractual rate of interest, without the deduction of tax. 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. It is your responsibility to pay any tax due, based on your individual circumstances.

100 days notice or 100 days loss of interest

Annual (Variable) 4.25% Gross pa/4.25% AER
Interest is paid on: Annual anniversary of account opening.

Monthly (Variable) 4.17% Gross pa/4.25% AER
Interest is paid on: Monthly anniversary of account opening.

Can Newcastle Building Society change the interest rate?

We can change the rate of interest payable on this account. 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.

What would the estimated balance be after 12 months of account opening based on a £1,000 deposit?

No withdrawals (Variable)
£1,042

Please note: 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 online.

Giving us instructions for your account
In branch, by post, by telephone, 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: £250,000

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

Can I withdraw money?

Maximum Account Balance: No maximum balance. Please refer to point 4 for further details. Can I withdraw money?

Withdrawals/transfers can be made subject to providing us with 100 days’ notice. Withdrawals/transfers within less than 100 days’ notice are not permitted.

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

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.