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100 Day Notice Saver (Issue 1)

The rate on this account will be reduced from 9 September 2024. Please see ‘What is the interest rate?’ below for further details.

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.

  • Please note, the rate on this account will be reduced from 9 September 2024
  • Withdrawals subject to 100 days notice
  • Open with: £1 and invest up to: £250,000 (plus any resulting interest)
  • Variable Interest rate paid annually or monthly
  • Apply Online
  • Apply 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/AER Rate until 8 September 2024

4.00% gross pa/AER Rate effective from 9 September 2024
interest is paid on: Annual anniversary of account opening.

Monthly (Variable):

4.17% Gross pa/ 4.25% AER Rate until 8 September 2024

3.93% gross pa/ 4.00% AER Rate effective from 9 September 2024
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)
£1,040

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. Projections are also based on the interest rates paid from 9 September 2024.

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

New Customer

Apply for a new account

Existing Customer

Log in to apply

or

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.

Terms and Conditions