Newcastle launches new online saver account

Tuesday, 23 August 2011 12:02

Newcastle Building Society has launched a new online saver account offering interest payments of 3.15 per cent gross/AER.

The Newcastle Online Bonus Saver - which can only be opened via the building society's website - allows customers to make four penalty-free withdrawals every year.

It also features the added bonus of an extra one per cent interest payment for the first 12 months.

Steve Urwin, Newcastle Building Society sales and marketing executive, 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."

 In June, Newcastle Building Society launched a new long-term bond offering 4.2 per cent interest annually over a five-year term, plus the ability to take money out of the account for free.

Use the Myfinances.co.uk comparison tables to find the best deal on a new savings account 

• Tags:
• online bank accounts
,
• product news