Newcastle Building Society Fixed Rate Bonds

If you’re looking for savings opportunities and can afford to lock your money away for a predefined period of time, from 1 to 5 years you may be wondering what a Newcastle Building Society fixed rate bond can offer. Newcastle Building Society fixed rate bonds have a variety of options, but before you tie your money away it may be wise to shop around, you can use the comparison table below to look at a range of fixed rate bonds and some other savings products to see if there are any which might suit your desires.

ProviderAccountInterest RateTermApply

2.41%

per annum

£2,000More Info >
Earn 2.41% gross/AER fixed for 5 years. £2,000 minimum deposit. Penalty for withdrawal before the end of the term. Interest paid monthly, annually or on maturity.

2.02%

per annum

£1,000More Info >
Earn 2.02% gross/AER fixed for 30 months. £1,000 minimum deposit. Interest paid on maturity. No withdrawals permitted. FSCS Protected

2.00%

per annum

£1,000More Info >
Earn 2.00% gross/AER fixed for 4 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest. FSCS Protected

2.01%

per annum

£1,000More Info >
Earn 2.01% fixed interest. 24 month term. Minimum deposit £1,000. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.90%

per annum

£500More Info >
Earn 1.90% fixed interest. 3 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

1.82%

per annum

£1,000More Info >
Earn 1.82% gross/AER fixed for 15 months. £1,000 minimum deposit. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.81%

per annum

£1,000More Info >
Earn 1.81 gross/AER fixed for 12 months. £1,000 minimum deposit. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.75%

per annum

£500More Info >
Earn 1.75% fixed interest. 18 month term. Interest can be paid monthly or at maturity. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
1.50%Current Account
Instant Access
More Info >
Monthly Interest of 1.50% AER (variable) payable on your entire balance up to £20,000 (3.0% AER until 1st November 2016). Monthly Cashback on selected household bills. Must pay in £500 into the account each month.
1.28%3 YearMore Info >
1.28% gross/AER fixed for 3 years. £500 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).
1.25%Instant accessMore Info >
MARKET LEADING. 1.25% AER Gross (variable). Open with £1. A simple instant access savings account. Manage your account online, by telephone banking or via our mobile app. You'll need to be 18 or over and a UK resident
1.23%2 YearMore Info >
1.23% gross/AER fixed for 2 years. £500 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).
1.13%1 YearMore Info >
1.13% gross/AER fixed for 1 year. £500 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).
1.10%Instant AccessMore Info >
Earn 1.10% gross/AER Instant Access. No notice periods. Unlimited payments and withdrawals. Pay in from £100. RCI Bank are protected up to a total of €100,000 by the FGDR, the French deposit protection scheme. Manage account online.
0.96%Easy AccessMore Info >
Earn 0.96% tax free/AER variable. Open with £100. Unlimited free withdrawals. Transfer in ISAs held elsewhere - no limit
0.90%Easy AccessMore Info >
Earn 0.90% gross/AER. £500 minimum deposit. Interest paid annually.
0.75%Easy AccessMore Info >
0.75% gross/AER on balances from £1,000 to £1 million. Guaranteed to be at least 0.50% above Base Rate** until 31st December 2017. Unlimited withdrawals without restriction or loss of interest.
0.50%Current Account
Instant Access
More Info >
Innovative new banking service powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 0.50% AER on ALL instant access savings balances, and 0.25% AER on current account balances up to £2,000. No monthly account fee
Short Term Fixed Rate Bonds (0-2 years)
ProviderAccountInterest RateTermApply
1.10%Instant AccessApply Now >
Earn 1.10% gross/AER Instant Access. No notice periods. Unlimited payments and withdrawals. Pay in from £100. RCI Bank are protected up to a total of €100,000 by the FGDR, the French deposit protection scheme. Manage account online.
Medium Term Fixed Rate Bonds (3-4 years)
ProviderAccountInterest RateTermApply

1.70%

per annum

£1,000Apply Now >
Earn 1.70% gross/AER fixed for 3 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. FSCS Protected
Long Term Fixed Rate Bonds (4+ years)
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Newcastle Building Society fixed rate bond features:

  • Choice of 1, 2 or 5 year bonds
  • Minimum balance £500
  • Maximum Balance £250,000
  • Choice of annual or monthly payments
  • Withdrawals/transfers not permitted until maturity
  • Account can be operated online, by post or in branch
  • Single or joint account options
  • You can apply online in 10 minutes

As opening a fixed rate bond account would mean you locking away your savings for a set period of time, before you do so you might want to compare the different offers to see if you can find the plan that fits you best.

Alternative savings plans

You may also want to consider alternative saving plans when looking into fixed rate bonds such as:

 

Tracker Bonds  

Another type a bond, unlike a fixed rate bond where your interest rate stays the same throughout the bond’s course and you can predict how much you will get in return, a tracker bonds interest rate will vary in accordance to changes made to the Bank of England’s base rate of interest which it ‘tracks’, this means you could get a better or worse rate of interest as your rate changes subject to alternations in the Base Rate. It’s important to remember with this option that the interest rate you receive could get worse.

 

Structured Deposits

Like a bond a structured deposit requires you to lock up your funds for a period of time. This type of plan is normally tied to an index like the FTSE 100. They tend to offer better rates of interest than bonds or instant access savers, but your interest return is not guaranteed you may only get your original investment back subject to market performance. When looking at structured deposits they will set out how the index or indices it is tied to needs to perform over the plan's course in order to receive the interest payment. If it fails to perform in such a way you will not receive any interest payments. as a result you should carefully consider before hand if this type of investment is suitable for you beforehand. 


Savings Accounts

You may also wish to consider an instant access savings account, although they tend to offer lower interest rates than bonds, they do normally allow you to have instant access to make a withdrawal from the account whenever you want if you need to.