Building up ISA savings for early birds

Early birds looking to make the most of the new tax year are being offered the Balance Builder ISA from the Newcastle Building Society with a competitive rate of up to 3.40% Gross / 2.00% AER.

The Newcastle’s ISA gives savers the opportunity to invest with a return of 2.00% Gross/AER plus a conditional bonus of 1.40% Gross for those who make at least nine monthly tax-free contributions of between £100 and £500 over the 12 month period.

This innovative regular saver also allows ISA transfers in and the option to get easy access to their investments without penalty.

As well as the Balance Builder ISA, the Society has also developed its award-winning maximISA service which gives savers increased flexibility with their savings allowing them to open more than one Cash ISA product with the Newcastle each year. This includes the new Four Year ISA from the Newcastle which offers 4.00% Gross/AER and has a minimum balance of £500.

Steve Urwin, Senior Sales and Marketing Executive at Newcastle Building Society, said: “The Balance Builder ISA is perfect for people looking to make the most of their tax-free savings, which allows them to make at least nine contributions of between £100 and £500 throughout a 12 month period instead of one lump sum. Coupled with the maximISA service, this is another example of the Newcastle developing products which work harder for the benefit of our members and their savings.”