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Home Savings Fixed rate bonds 2 Year fixed Rate Bond (Issue 101)

2 Year fixed Rate Bond (Issue 101)

Rate

4.35 %
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 and invest up to £250,000
  • Fixed rate until 6 July 2026
  • Ideal for lump sum investments
  • No withdrawals until 6 July 2026
  • Apply online or in branch
Ways to apply

Summary information

Account Name

2 Year Fixed Rate Bond (Issue 101)

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.

Annual interest
4.35% gross pa/AER
(Fixed until 6 July 2026)
Interest is paid on: 6 July 2025 and 6 July 2026

Monthly interest
4.27% gross pa/4.35% AER
(Fixed until 6 July 2026)
Interest is paid on: Last working day of each calendar 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 (6 July 2026). Please refer to point 3 of the Product Special Conditions for further details.

What would the estimated balance be on the maturity date (6 July 2026), based on a £1,000 deposit

Monthly (Fixed): £1,088

Annual (Fixed): £1,088

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:  £1

Maximum Opening Deposit: £250,000

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

Can I withdraw money?

Withdrawals / transfers are not permitted until maturity. Upon maturity (6 July 2026) your funds will roll into a default savings account which has easy access, with a variable interest rate.

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

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.