Newcastle launches five year fixed rate ISA

Newcastle Building Society is climbing to the top of the Moneyfacts.co.uk Fixed Rate ISA best buy table with the launch of its latest ISA, giving savers the chance to invest a minimum of £1 with a 5.00% Gross/AER annual return over five years.

The Newcastle’s Five Year Fixed Rate ISA gives savers an annual rate of 5.00% Gross/AER return on their cash ISA, exclusively via the Society’s website newcastle.co.uk. Savers can also transfer funds in from other providers, enabling customers with a previous ISA to guarantee their return for the next five years.

Steve Urwin, Senior Marketing Executive at Newcastle Building Society said: “Our new ISA offers peace of mind and a great rate. At 5.00% Gross/AER this ISA is ten times the current base rate and will appeal to those customers looking to ensure a fixed return on all their ISA subscriptions.”

“The Newcastle offers a variety of ISAs to suit the needs of our members including fixed rates, notice accounts and instant access options.”

For more information, visit newcastle.co.uk