Newcastle Sixty Day Saver Account launched

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Newcastle Sixty Day Saver Account launched

Thu 8th Dec 2005

The Newcastle Sixty Day Saver Account has been launched and it comes with an introductory rate of 5.25 per cent.

Customers can choose from having the account as a bond or an individual savings account (ISA).

For the first six months investors will also receive a bonus of one per cent and thereafter the rate is guaranteed never to fall less than 0.25 per cent under the Bank of England (BoE) base rate.

Steve Urwin, head of marketing and new media at Newcastle Building Society, said: "Our new Newcastle Sixty Day Saver is an ideal savings account for anyone wishing to put money in a high interest savings account without wanting to make regular withdrawals."

For customers wishing to invest, the minimum payable is £500 while the maximum limit stands at £1 million.

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