Newcastle Building Society Reward Saver and Reward ISA

As interest rates fall, with the prospect of further cuts, Newcastle Building Society has launched the Reward Saver and ISA accounts with a rate of 4.50% Gross, which includes a 1.00% bonus for the 1st 12 months of the account.

The product can be opened as a bond or a Cash ISA and is available now. The account also accepts transfers from existing ISA accounts held elsewhere, enabling investors to benefit from the attractive rates the Reward ISA offers.

Reward Saver and Reward ISA:

4.50% Gross / 4.41% AER variable including bonus. (3.50% Gross excluding bonus)
1.00% unconditional bonus payable for 12 months from opening account
ISA transfers allowed (Reward ISA only)
Minimum/Maximum investment £500 - £1,000,000 (ISA Limits current and transfer)
Available now. Very limited availability

Steve Urwin, Senior Marketing Executive, Newcastle Building Society, commented: "Newcastle Building Society's Reward accounts provide savers with a secure and genuinely attractive rate of 4.50%, which includes the incentive of a 1% bonus for 12 months. This is made available during a period of extremely low interest rates with a strong likelihood that we will see the base rates falls further to 1.00% and possibly even lower."

For further information, visit newcastle.co.uk