Following the Bank of England’s decision on 6th February to reduce the base rate of interest by 0.25% to 4.50%, we have now reviewed our savings and mortgage rates.
We are committed to offering good value to members, and working hard to minimise the impact of the base rate cuts to our customers.
Recognising our commitment to support first time buyers and to encourage healthy savings habits, there will be no change to rates on our Regular Saver products, children’s accounts and to products intended to help people save for a home.
Across our other variable savings rates, we will be decreasing rates on Friday the 7th March, with no variable rate savings account paying less than 2.40% AER.
Members with savings or mortgage accounts that are directly linked to the Bank of England base rate will see their rates change in accordance with their account terms and conditions. View our full list of variable rate savings products and interest rates.
How can we help?
We are here to support you. Please talk to us if you are concerned about your mortgage payments, or your wider finances. Remember that talking to us about difficulties in paying your mortgage will not impact your credit file.
You can call us on our helpline on 0345 702 3083, we’re available from 9am – 6pm, Monday to Thursday, and from 9am – 5pm on Fridays. You can also contact us by email at mortgage.support@newcastle.co.uk or, if you live in the North East, Cumbria or North Yorkshire, pop into one of our local branches.