Newcastle Cash Lifetime ISA (Issue 2)
The Lifetime ISA is designed to reward people who are saving for their first home and those who are saving towards retirement, with a competitive interest rate of 1.10% plus a 25% government bonus.
Please note: You will only receive the government’s 25% bonus if you go on to use the savings in your Lifetime ISA towards the deposit on your first home and/or towards your retirement after saving for a minimum of 12 months. If you make a withdrawal not connected to these two events then a 25% penalty will apply to the amount you withdraw. This will recover the government’s bonus and you will get back less than you have saved.