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News: Newcastle launches sixty day saver account

Newcastle Building Society has launched a Sixty Day Saver account - the account being a simple passbook affair; and with an introductory rate of 5.25%.

Available as both a bond and an ISA, the account offers an introductory bonus of 1% for the first six months. Thereafter the interest rate is guaranteed never to fall below Bank of England base rate less 0.25%.

Minimum investment on this 60 days' notice account is £500, maximum investment £1,000,000.

Customers can apply via the branch network, contact centre and the Internet.

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