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Double savings delight from Newcastle BS

Double savings delight from Newcastle BS

Category: Savings

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

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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.

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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 Any products featured may be withdrawn by their provider or changed at any time.

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