Newcastle launches Online Bonus Saver account

Newcastle Building Society (NBS) has added a market leading bonus account to its online product portfolio. With up to four penalty free withdrawals per year, the Newcastle Online Bonus Saver’ is one of the best accounts in the savings market.

The 3.15% Gross/AER variable account including a 12 month bonus, will be launched today and offers online savers a simple, straightforward, way of saving that is easy to open and operate via the web.

The penalty-free access feature, coupled with a competitive variable rate, with the addition of an introductory bonus of 1.00% for the first 12 months gives a flexible dimension to this product. It ensures investors can access their savings without notice or penalty up to 4 times per year whilst ensuring funds invested are benefitting from a great return.

Steve Urwin, Sales and Marketing Executive, NBS, said: “We know from our conversations with customers that they want a combination of competitive rates with the ability to access their funds in case of an emergency.

“The mix of a variable rate with bonus and penalty free access to funds makes this a very attractive home for anyone’s savings. We expect the product to prove very popular on that basis.”

The product can only be opened online via newcastle.co.uk.