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Newcastle BS plays the right ISA toon

Newcastle BS plays the right ISA toon

Category: Savings

Updated: 18/01/2010
First Published: 18/01/2010

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 It is now over 6 months old so the content may be out of date.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 will have savers whistling a happy 'toon' thanks to its new regular savings ISA.

Requiring a minimum monthly investment of £100 (maximum £500), the Balance Builder ISA pays 3.40% yearly, so long as ten payments are made per anniversary year.

Failure to comply sees the rate drop to 2.00%.

The flexibility of unlimited withdrawals and the ability to make further additions up to the maximum ISA limit both add to the appeal of the account.

Paying a highly competitive variable rate in a very limited market, four out of five Moneyfacts stars are well deserved.

Compare cash ISAs

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 Any products featured may be withdrawn by their provider or changed at any time.