Newcastle Building Society is the biggest building society in the North East. People from across the UK can open a range of savings account options with the mutual, from fixed rate bonds to ISAs, as well as other options.
Newcastle Building Society's top savings rate of 5.5% is available on its regular savings account.
Easy access savings accounts
Cash ISAs
Fixed-rate bonds
Notice savings accounts
Regular savings accounts
Business savings accounts
What is Newcastle Building Society's best savings account with the highest interest rate?
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Newcastle Building Society offers, plus the highest interest rate currently available.
Savings account types include | Easy access, cash ISAs, fixed-rate bonds, notice accounts, regular savers, business |
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Best easy access rate | 4.25% |
Best cash ISA rate | 4.25% |
Best fixed-rate bond rate | 4.25% |
Best notice account rate | 3.75% |
Best regular saver rate | 5.5% |
Best business savings account rate | 3.51% |
Fixed bond terms | 1 year - 3 years 1 month |
Notice account periods available | 100 days |
Opening options | Branch, website |
FSCS protection |
How do I decide which account is for me?
Firstly, you need to decide what you’re looking for in a savings account. How often are you planning to draw out money? How much money can you afford to save each month?
You need to work out what you need before comparing the different offers available for certain types of savings accounts. Once you’ve done that, it’s useful to look at:
- Interest rates.
- Fees (if there are any).
- Access to cash (if you need quick access, for instance).
- Rewards and loyalty schemes (if you’re into add-ons or switching bonuses).
What are the pros and cons of banking with Newcastle Building Society?
Pros
- Online banking. Even if you’re not based in the North East, you can open an account with the Newcastle Building Society online.
- Choice. Newcastle Building Society offers a whole range of savings accounts. Whether you’re looking to save big or small.
- Easily accessible. It lets customers manage their accounts in a branch, online, over the phone or by post.
Cons
- Better rates elsewhere? It’s not market leading for all its savings account options. It’s always worth shopping around.
- Remote. If you prefer face-to-face banking and you don’t live in the North East of England, then you may have problems with this Building Society.
Customer service information for Newcastle Building Society
Email support | |
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Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
Our verdict
Newcastle Building Society offers a range of savings options, from easy access and fixed-rate accounts, so you should be able to find an account to suit you. It’s still worth checking out the competition, though, so read our other savings reviews to see how Newcastle Building Society weighs up against the competition.
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