Newcastle launches ISA plus

Newcastle Building Society today announced the launch of its new ISA Plus with a rate of 6.00 gross/AER for balances over £3,000. The ISA Plus is available from 18th February and can be operated via branch, telephone or online. ISA Plus offers unlimited transfers and withdrawals, from a minimum investment of just £1.

While the annual maximum investment for a cash ISA is £3,000, customers can transfer their ISAs from other sources with no limits to the amount at no extra charge. It is available to any sole name investors over the age of 16.

Product highlights:

Cash mini ISA at variable rate of 6.00% gross/ AER for balances over £3,000
5.5% gross AER for balances up to £3,000
Available now
Minimum/ Maximum Investment £1- £3,000 ( per current tax year)
Unlimited ISA transfers and withdrawals permitted
Interest credited to account annually on 18th February
The account can be operated in branch, by telephone or online.

Steve Urwin, Senior Marketing Executive at Newcastle Building Society, commented: “I am delighted to announce the launch of our ISA Plus at the highly competitive rate of 6%. As there are no limits to the transfer amount, it allows those who have been building their ISA pot over the years to transfer all their tax-free savings to one highly attractive rate.”

For further information, visit newcastle.co.uk.