NewcastleNet Overseas
Up to 1.50% Gross /0.70 AER*
(Including a 0.80% bonus for the first 6 months)
Get a great savings rate with our online savings account
If you're looking for a competitive savings rate, you might want to try an online savings account like our NewcastleNet account. It gives you a competitive savings interest rate with the added bonus of instant access to your account 24/7.
Complete control over your esavings
Managing your savings is easy with an online savings account. You can move your savings between accounts whenever you want, giving you complete control over your money. Your e-savings account also allows you to customise and download statements, set up Direct Debits and check the latest savings interest rates.
Is this account right for you?
If you're still wondering which savings account is right for you, our friendly advisers will be happy to help. Simply drop them an email to enquiries@newcastle.gi including the words "NewcastleNet Query" in the subject line.
At a glance
- Convenience of being able to manage your savings online 24/7
- Minimum investment £1,000 maximum investment £1,000,000
- No notice access to your funds
- Online application
- Online statements
- Ability to transfer funds to and from your nominated account
- Safety and security of a building society account
Product Terms
| Account Name | NewcastleNet Overseas | |||
|---|---|---|---|---|
| Interest Rates | Annually | Gross* | AER** | |
| £1,000 - £1,000,000 | 1.50% | 0.70% | ||
| Monthly | Gross* | AER** | ||
| £1,000 - £1,000,000 | 1.35% | 0.55% | ||
| Tax Status | Interest will be paid after the deduction of income tax at the appropriate rate unless you request otherwise. | |||
| Conditions for bonus payment | 0.8% bonus for the first 6 months | |||
| Withdrawal arrangements | Withdrawals are permitted without notice or loss of interest. | |||
| Access | Online. | |||
* 'Gross' interest is the contractual rate of interest payable before the deduction of income tax.
** 'AER' stands for the Annual Equivalent Rate, a notional rate which illustrates what the interest rate would be if paid and compounded on an annual basis.
How it works
How does the account work?
NewcastleNet is an online account offering a variable rate of interest. Your initial investment can be made by cheque or electronic transfer.
The account, which is convenient and easy to operate, allows you to view statements online, and move money to and from your nominated bank account, all with the security offered by a safe and secure operating environment (128 bit encryption).
Manage everything from your account
- Transfer money into and out of your account
- Access your account information 24 hours a day, 365 days a year
- Download information in a spreadsheet for reconciliation purposes
- Customise your own statements
- Check the current interest rate on your account
- Set up Direct Debit payments into or out of your account
Accessing your NewcastleNet account
You will need a PC capable of running Microsoft Internet Explorer 5.5 or Netscape 7.0 or above. Your equipment will need at least the following minimum specification:
- Any IBM Compatible 486DX / 66 MHz or higher processor
- Windows 95, Windows 98, Windows ME, Windows 2000, Windows XP or Windows NT 4 (service pack 3 or above) operating system
- 16 MB RAM for Windows 95 or Windows 98 & 32 MB for Windows ME, Windows 2000, Windows XP or Windows NT 4
Although you may be able to access NewcastleNet using an Apple Macintosh (Mac), NewcastleNet was not originally designed for use with a Mac. At present we are therefore unable to support the use of this account via a Mac.
Apply
How do I apply?
- Step 1
- Carefully read the Product Terms and General Terms and Conditions.
- Step 2
- Decide how much you would like to invest.
Send your completed application form into us at the following address:
Newcastle Building Society
FREEPOST NT330
Portland House
New Bridge Street
Newcastle-upon-Tyne
NE1 8BR
Or alternatively, you can call us on +44 845 600 4368 and complete the application form over the phone with one of our customer advisers, or, we can call you back. Our Call Centre is open 8am - 8pm Monday to Thursday, 8am - 6pm Friday 9am - 1pm Saturday, Closed on Sunday.