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Newcastle launches new online investment

01 December 2005
Newcastle Building Society has launched a new online instant access investment account for those who prefer to do their banking in the comfort of their own home.

The new account, NewcastleNet, can be opened with just £1 and gives customers a competitive rate of 4.9 per cent.

However, investors who can afford a minimum balance of £1,000 have the opportunity for interest to be paid monthly at a reduced rate of 4.75 per cent.

A spokesperson for Newcastle Building Society said: "This is a highly attractive new instant access account to add to our comprehensive range.

"We feel it should appeal to investors looking for a straight-forward online account offering an extremely competitive rate of interest. Interest can also be paid monthly for those looking for a regular income."

However, the building society has warned that interested customers should sign up to the new account quickly as it is only available for a limited amount of time.

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