Double savings delight from Newcastle BS - Savings - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Double savings delight from Newcastle BS

Double savings delight from Newcastle BS

Category: Savings

Updated: 07/10/2011
First Published: 07/10/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Newcastle BS has extended its savings portfolio with the launch of two new savings accounts, both paying 3.05%.

The Newcastle Bonus Saver (Issue 2) pays 3.05% yearly (2.80% monthly), including a 0.95% bonus for 12 months. Two withdrawals are permitted per annum.

The Newcastle Bonus ISA (Issue 2) pays 3.05% yearly (2.80% monthly), including a 0.95% bonus for 12 months

Two withdrawals are permitted per annum, but be aware that the account will be closed on a third withdrawal. Transfers in are accepted and transfers out can be made without penalty.

On both accounts: Transactions must be made via a nominated account and they require a minimum investment of £1.

The ISA is a market leading variable rate ISA, whilst the instant access account fares well when compared against similar accounts with a bonus.

As withdrawals are restricted to only two per year, careful budgeting will be required. A review will be needed after 12 months when the 0.95% bonus expires.

Both accounts have been awarded four out of five Moneyfacts stars.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.