Newcastle Building Society: Newcastle First Home Saver

Newcastle Building Society
Account:Newcastle First Home Saver
Account type:Savings Account
Tax status:Taxable
Product summary:The headline rate includes a 1.00% AER bonus paid to regular savers who make at least one deposit a month. Up to £1,000 cash reward on mortgage completion with the Newcastle.
Rates & conditions
Headline interest rate 1.00% AER
Interest rate type Variable
Interest payment frequency Monthly
Rate tiers
Gross Rate Excluding BonusGross Rate Including BonusAER
Introductory bonus No introductory bonus payable.
Bonus payment conditions Bonus Conditions - The rate includes a bonus of 0.65%. In order to qualify for the bonus each month, one credit must have been made to the account and no withdrawals during each calendar month.
Interest rate guarantees There are no interest rate guarantees.
Interest payment options to same account
Opening the account
Minimum age 18 years
Maximum age -
Minimum deposit £1
Account opened
Account conditions
  • Bonus conditions
  • Withdrawal conditions
Managing the account
Minimum balance £1
Minimum withdrawal £1
Minimum additional deposit £0
Maximum balance £40,000
Withdrawal conditions Withdrawal Conditions - Withdrawals are permitted without notice or penalty, although the bonus will be lost for each month in which a withdrawal is made.
Statement frequency not issued
Additional information There is no additional information.