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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