With interest rates the lowest on record and the ISA season almost upon us, Newcastle Building Society has promised to hold the rate of its Reward ISA.

Despite the Bank of England continuing to slash the base rate, Newcastle’s Reward ISA will continue to pay three per cent gross/AER.

The product, which was launched earlier this year, includes a one per cent bonus for the first 12 months and the ability to accept unlimited transfer funds from existing ISA accounts held elsewhere.

Wendy Lee, commercial director at Newcastle Building Society, says, ‘In the current climate, our Reward account offers a very attractive rate of three per cent which we are maintaining to allow even more customers to benefit from it.’

For more information, visit www.newcastle.co.uk