Not a real 3 Year Fixed Rate Bond (Issue 32)

3.90%

  • Open with £1 and invest up to £250,000

  • Fixed rate until 24 April 2028

  • Ideal for lump sum investments

  • No withdrawals until 24 April 2028


Financial Service Compensation Scheme (FSCS)

Your eligible deposits with Newcastle Building Society are protected up to a total of £85,000 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 £85,000 limit are unlikely to be covered.

FSCS Logo

Summary information

Account Name Not a real 3 Year Fixed Rate Bond (Issue 32)
What is the interest rate?

Annual interest
3.90% Gross pa/AER
(Fixed until 24 April 2028)
Interest is paid on: 24 April 2026, 24 April 2027 and 24 April 2028

Monthly interest
3.83% Gross pa/3.90% AER
(Fixed until 24 April 2028)
Interest is paid on: Last working day of each calendar month
Can Manchester Building Society change the interest rate?

The interest rate for this account is fixed and will not change until the maturity date (24 April 2028). Please refer to point 3 of the Product Special Conditions for further details.
What would the estimated balance be on the maturity date (24 April 2028), based on a £1,000 deposit?

Monthly (Fixed): £1,121

Annual (Fixed): £1,121

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 or online. For existing online customers you can log into your Manchester Building Society account to apply.

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: £250,000

Maximum Account Balance: £250,000 (plus any resulting interest)
Can I withdraw money?

Withdrawals / transfers are not permitted until maturity. Upon maturity (24 April 2028) the account will become an easy access account with a variable interest rate.
Additional information

Tax status: Interest will be paid gross which means no tax is deducted. It is your responsibility to pay any tax due, based on your individual circumstances.

Reimbursement of Authorised Push Payment (APP) fraud

From 7th October 2024, new regulations strengthen protection for customers who suffer financial losses due to Authorised Push Payment (APP) Fraud. If you make a payment on or after 7th October 2024, as result of APP fraud, you may be eligible for a refund. Further information about your reimbursement rights is available on our website at https://www.newcastle.co.uk/authorised-push-payments.

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’ on our website at https://www.newcastle.co.uk/transferringwindfalls or within our Savings General Terms and Conditions for further details.
Existing customer
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.