Newcastle Building Society ISA with rate of up to 4.5%

Newcastle Building Society announces the launch of its new ISA+ (Issue 2), with a variable rate of up to 4.50%, including a bonus of 0.50% paid until 1st of July 2009.

Product details:

4.50% Gross, 4.25% AER on balances of over £3,600
Balances under £3,600 receive 4.00% Gross / 3.75% AER
Minimum/maximum investment £1 - £3,600 this tax year, plus transfers from other ISA providers
Penalty free, instant access
All rates are guaranteed not to fall below the Bank of England Base Rate before 1st January 2011.
Operated by branches, post, telephone and online

Steve Urwin, Senior Marketing Executive, Newcastle Building Society, commented: "Our new ISA+ offers a great overall proposition for customers to grow their savings tax free, with the ability to transfer any other existing ISA balances. Customers benefit from full access to their money whenever they need it plus a competitive rate. A long term base rate guarantee provides a fair offering in the long term coupled with security of saving with a mutual building society."

For more information, visit newcastle.co.uk