The Newcastle offers 1.5% Help to Buy ISA rate
The Newcastle's Help to Buy ISA comes with a rate of up to 1.50% and can be opened with an initial deposit of up to £1,200.
The Newcastle’s Custom ISA facility allows savers to open a Help to Buy ISA alongside another ISA from the Newcastle’s range, allowing them to utilise their full ISA allowance for the 2015/16 tax year of £15,240.
In addition, in order to help first time buyers make full use of their ISA allowance NBS has also launched the ‘Newcastle First Home ISA’.
The Newcastle First Home ISA comes with a rate of up to 1.15% and offers a cash back option of up to £1,000 if savers go on to take out a mortgage with the Newcastle.
Andrew Haigh, Chief Executive, Newcastle Building Society, said:
"Newcastle Building Society welcomes this important new initiative to support first time buyers and we’re pleased to launch our Help To Buy ISA.
"The Newcastle is committed to helping first time buyers through its range of loans and regular savings accounts. The Help to Buy ISA will support our core strategy of helping people to save for and own their own homes."
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