Newcastle Building Society announces new range of ISA products

Newcastle Building Society has added to its portfolio of ISAs with the launch of three new products offering up to 3.50% Gross / AER ahead of the tax year end on 5 April.

The UK’s 10th largest building society is launching its new Fixed Rate Options ISAs which will give customers access to a selection of the most competitive products on the high street with an option to invest over one, two or three years.

Savers are being offered a rate of up to 3.50% Gross/AER return on their investment with the Newcastle’s Fixed Rate Options ISA (issue 31). The product’s rate is fixed until maturity on 23 March 2011 with a minimum balance of £25,000. The account allows transfers and the rate reduces to 3.25% Gross/AER for balances under £25,000.

For those looking to invest over the short-term, the Society is also offering a Fixed Rate Options ISA (issue 29) which gives savers up to 3.00% Gross/AER return on their investment over a one year period and over two years up to 3.25% Gross/AER.

Steve Urwin, Senior Marketing Executive at Newcastle Building Society, said: "Newcastle Building Society is delighted to announce the launch of our new fixed rate ISA range. This is a very attractive option for our customers right now as it provides savers with a secure and competitive guaranteed tax free fixed rate of up to 3.50% Gross/AER.

"This ISA range provides savers with an attractive option to invest their tax free allowances for this year and previous years. This is of particular importance in this current low interest rate environment and the fact that it is secured in a fixed rate offering some access to the investment, ensures certainty and provides peace of mind.”

For more information customers should visit newcastle.co.uk