💨 Abstract

Newcastle Building Society is reducing interest rates on 37 personal savings accounts by 0.25%, effective June 5th. This follows the Bank of England's recent rate cut to 4.25%. Key account changes include the Newcastle Cash Lifetime ISA dropping to 2.45% and the Double Access Saver/ISA to 3.80%. Fixed-rate accounts are unaffected. The move mirrors broader industry trends, with many banks adjusting their savings rates.

Courtesy: Sarah Hooper