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Compare Newcastle Building Society ISAs

Compare ISAs from Newcastle Building Society and other ISA options available.
What you're looking for isn't available; however, these brands may offer suitable alternatives

Stocks & Shares ISA

from Nutmeg

Allows ISA Transfers
  • Fund Choice: Nutmeg offer 4 diversified portfolios with ETFs, using technology to keep charges low.
  • Invest From: Min. £500 single

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Wide range of stocks and shares, over 2,000 funds (unit trusts and OEICs), investment trusts and ETFs. Capital at risk.
  • Invest From: £25 pm

Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds.
  • Invest From: £25 pm

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 3,000 funds, shares, investment trusts and more to build your portfolio. Capital at risk.
  • Invest From: £25 pm or £100 lump sum

Stocks & Shares ISA

from Best Invest

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Over 2,500 funds, UK shares, investment trusts and ETFs or choose Ready Made & Managed Portfolios
  • Invest From: No minimum

Stocks & Shares ISAs

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Fineco

Allows ISA Transfers
  • Fund Choice: A complete multi-currency platform with low fees. Premium trading without premium prices. Choice of worldwide asset managers.
  • Invest From: £100
See Deal Zero Platform Fees - Until the end of the 2022/23 tax year if you open your ISA by 30 April 2022. 0.25% max when promo ends.

Stocks & Shares ISA

from Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you.
  • Invest From: £1

Stocks & Shares ISA

from Shepherds

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term.
  • Invest From: £30 pm

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500
See Deal Up to £400 for all new users that create an account until the end of April

Stocks & Shares ISA

from InvestEngine

Allows ISA Transfers
Regular Savings
  • Fund Choice: Offering commission-free DIY investing or low-cost, professionally managed income or growth portfolios built for you
  • Invest From: £100

My Choice ISA

from Scottish Friendly

Allows ISA Transfers
Regular Savings
  • Fund Choice: A choice of 10 funds so you can pick those that best suit your needs, whether that is just one, a mixture of all 10 or somewhere in between.
  • Invest From: £10pm

Stocks & Shares ISA

from Beanstalk

Allows ISA Transfers
  • Fund Choice: Choose from two funds: a cash fund that aims to provide returns in line with money market rates and a shares fund that aims to track the performance of global stock markets.
  • Invest From: £10

Stocks & Shares ISA

from Willis Owen

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from a wide range of funds, shares, investment trusts and ETFs. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
  • Invest From: £25

Investment ISA

from Barclays Smart Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, plus Exchange Traded Funds, Investment Trusts, Shares and more. 5 Ready-made Investment funds if you’re not sure where to invest. Capital at risk.
  • Invest From: Any amount

Who are Newcastle Building Society?

Newcastle Building Society are the most prominent building society in the North East of England and currently operate more branches in the region than any other building society.

With over 150 years of history behind them, they provide their customers with mortgage loans, savings accounts, insurance products and financial advice.

Newcastle Building Society is owned by its members, so they don’t have shareholders to appease like banks do.

Among the range of savings accounts they offer to their customers are a variety of fixed and variable rate Cash ISA accounts.

What is an ISA account?

ISA accounts are tax-efficient savings accounts.

In a standard savings account, you pay tax on any interest, dividends and capital gains you make within your portfolio.

Depending on your other sources of income, this could take a considerable chuck out of your savings profits. Investing in an ISA completely protects you from these taxes.

The government sets a limit each year on how much you can put into an ISA. This is called your annual ISA allowance.

For the current tax year, the annual ISA allowance is £20,000, so you can’t add more than this amount to your ISA account.

What type of ISA is a Newcastle Building Society ISA?

Newcastle Building Society offer two main types of ISA accounts to investors: Cash ISAs and Stocks and Shares ISAs.

Stocks and Shares ISAs invest your money directly into the stock market through shares, funds and other investment vehicles. They have high potential for returns, but markets can go down as well as up so you could lose money.

Cash ISAs earn a fixed or variable interest rate on your balance, and your money is always kept as cash so it can’t lose value. You’ll always get back at least what you put in, but interest rates are low compared to the potential returns you could get in the stock market.

Newcastle Building Society currently only offer Cash ISA products and don’t do a Stocks and Shares ISA product.

What types of Cash ISA do Newcastle Building Society offer?

Newcastle Building Society offer a range of Cash ISAs that vary based on the following factors:

Accessibility – e.g., how often you can access your money or how long your fixed term of investment is.

Interest rates – fixed or variable rates are available, and generally the less access you have for withdrawals, the higher your interest rates.

Fixed or Variable Interest Rate Cash ISAs?

Newcastle BS’s fixed-interest Cash ISAs have a fixed term of investment. The lengths of term range from 1 to 5 years, and generally the longer term you commit to, the higher interest rates you receive.

However, if you withdraw from your Cash ISA before the end of your fixed term you will either be charged, or lose a portion of the interest you’ve earned so far.

Newcastle BS’s variable-rate ISAs are great for investors that need extra flexibility for accessing their money. Their variable-rate accounts differ based on the amount and frequency of withdrawals you can make.

The more access you have to your Cash ISA, the lower the interest rates, so you should keep in mind that greater flexibility comes at a cost.

How do I open a Newcastle Building Society ISA?

Once you’ve decided on the right ISA for you, you can open an account either online or in branch.

The quickest way to set up your account is online via the website.

You’ll need to create an account with a password, provide some basic information including your National Insurance Number, and make a contribution to open your ISA.

Who can open a Newcastle Building Society ISA?

Some of Newcastle BS’s ISAs are only available to customers living in the NE of England. Some of their ISAs are available to all UK customers, but you’ll need to check before you open your account.

You also need to be at least 16 years old and a resident in the UK to open any of their Cash ISAs.

What are the ISA rules?

Before opening an ISA, it’s important to know how you can and cannot use them to make sure you don’t break the rules.

Here’s a list of the most important ISA rules to be aware of:

  • The current ISA allowance is £20,000 so you can’t contribute more than this amount to an ISA in any one year.
  • Your ISA allowance is split between Cash and Stocks and Shares ISAs - you can split your £20,000 between the two types.
  • You can’t add money to more than one Cash ISA in the same tax year. If you’ve already opened or contributed to one this year, you can’t open another until the 6th of April.
  • You can transfer old ISAs to your new ISA account and it won’t count towards your ISA allowance – just complete an ISA transfer form with your new provider.
  • Your ISA allowance doesn't roll over - if you don’t use it, you lose it.
  • Your ISA allowance refreshes on the 6th of April each year so you can add an extra lump sum from this date. 
Sam Hodgson
Edited by Sam Hodgson - ISA.co.uk

Frequently Asked Questions

No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.

ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.

Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses. 

No, ISA stands for Individual Savings Account and must be solely owned for tax purposes.

You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.

You can withdraw money from a Stocks and Shares ISA at any time provided that you sell the underlying investments first.

You can withdraw from a variable-rate Cash ISA at any time.

Withdrawing from a fixed-rate Cash ISA may incur charges if you do so before the end of the specified fixed term.

Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.

Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.

The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2022/23 tax year.

A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.

A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.