Investment goes online

Wednesday, November 30, 2005

Newcastle Building Society has announced the introduction of a new investment account, NewcastleNet (Issue 4).

NewcastleNet is an online instant access investment account, offering a 4.90 per cent gross interest rate that the building society calls "highly competitive" for an investment account.

"This is a highly attractive new instant access account to add to our comprehensive range," said Steve Urwin, head of marketing and new media at Newcastle Building Society.

"We feel it should appeal to investors looking for a straightforward online account offering an extremely competitive rate of interest."

The investment account is available immediately for a limited time and can be opened with just £1, but the maximum balance is £1 million.

Newcastle Building Society also offers a monthly interest withdrawal service for the investment account. Anyone with a £1,000 plus balance can withdraw the interest to another account for use as a regular income.

The building society is the biggest based in the north-east of England and manages assets worth over £3.4 billion.

Interested in investing your money? Click here:
http://www.europinions-finance.co.uk/investments/investments/