Newcastle online instant access investment account launched.

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Newcastle online instant access investment account launched.

The Newcastle online instant access investment account has been launched, offering customers a rate of 4.9 per cent variable.

A minimum investment of £1 is needed to open the account and interest is paid annually.

However, if customers have a minimum balance of £1,000 then they can opt for interest to be paid monthly at a reduced rate of 4.75 per cent.

Steve Urwin, head of marketing and new media at Newcastle, said: "We feel it should appeal to investors looking for a straight-forward online account offering an extremely competitive rate of interest."

Customers wishing to apply for the Newcastle online instant access investment account can do so by phoning the building society or visiting the website.


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