5 Year Fixed Rate ISA (Issue 86)
4.65%
Tax-free PA/AER (Fixed)-
Open with £1
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Fixed rate until 16th July 2031
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Withdrawals are permitted subject to 365 days loss of interest
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Tax-free savings
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Apply in branch
Tax-free refers to the contractual rate of interest payable, where interest is exempt from income tax. The tax information provided is based on the current law and HM Revenue & Customs practice, both of which may change. 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.
Financial Service Compensation Scheme (FSCS)
Your eligible deposits with Newcastle Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with Newcastle Building Society and Manchester Building Society (as a trading name of Newcastle Building Society). Any deposits you hold above the £120,000 limit are unlikely to be covered.
Summary box
| Account name | 5 Year Fixed Rate ISA (Issue 86) |
|---|---|
| What is the interest rate? | Annual interest Monthly interest |
| Can Newcastle Building Society change the interest rate? | The interest rate for this account is fixed and will not change until the maturity date (16 July 2031). Please refer to point 6 of the Product Special Conditions, which can be found in the 5 Year Fixed Rate ISA (Issue 86) Terms and Conditions below. |
| What would the estimated balance be on the maturity date (18 June 2031), based on a £1,000 deposit? | Monthly (Fixed): £1,255 Annual (Fixed): £1,255 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 only. 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: Maximum ISA allowance for the current tax year, as prescribed by HM Revenue and Customs. Transfers from other ISA providers are also permitted. Maximum Account Balance: No maximum balance. Please refer to point 3 of the Product Special Conditions, which can be found in the 5 Year Fixed Rate ISA (Issue 86) Terms and Conditions below. |
| Can I withdraw money? | Withdrawals/transfers are permitted. Withdrawals prior to maturity will be subject to 365 days loss of interest. If insufficient interest has been earned then the penalty will be taken from your capital. Upon maturity (16 July 2031) your funds will roll into a default savings account which has easy access. |
| Additional information | Tax status: ISA interest is paid tax-free, which means it’s exempt from income tax. Tax rules may change in the future. |
Transferring Windfalls to Charity
All new customers agree to assign any windfall benefits which they may become entitled to on a future conversion or takeover of the Society to the Community Foundation. This is our Charitable Assignment Scheme. By agreeing to this assignment, any windfall benefit will be given to the Community Foundation, one of the leading community foundations in the UK serving Tyne & Wear and Northumberland. This agreement lasts for the first five years of membership, is irrevocable and is a condition of opening an account. Your agreement to open an account with us will be deemed your agreement to the Charitable Assignment Scheme. Please see ‘Transferring windfalls to charity' or within our Savings General Terms and Conditions for further details.
Terms and conditions
Please make sure you've read the terms and conditions before applying
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.