Tuesday 3rd April 2012
The Sir Bobby Robson Foundation has linked up with Newcastle Building Society to create a tax-free savings account that will also help to fund research into cancer treatments.
The Sir Bobby Robson Foundation Isa will pay a variable rate of up to 2.60% gross AER while paying an additional 0.10% to the charity.
Former Newcastle and England manager Sir Bobby fought cancer five times. In the last 18 months of his life he set up the charity to look at the early detection and treatment of cancer. He passed away on July 31, 2009 at his home in County Durham.
The funds generated from the Isa will help the charity to find more effective treatments for cancer and support clinical trials of new drugs at the Sir Bobby Robson Cancer Trials Research Centre at Newcastle's Freeman Hospital.
Sir Bobby's widow, Lady Elsie Robson, said: "It was a great pleasure to help launch this new account and we're grateful to the Newcastle Building Society for thinking of the Sir Bobby Robson Foundation.
"It's a very creative way of helping the charity and we will ensure every penny donated is spent wisely.
"We've just celebrated the foundation's fourth anniversary and receiving support from an organisation with a heritage like the Newcastle Building Society is a marvellous present. My husband would have been as proud as punch with this fitting gesture."
Savers will be able to open the account with £1 and make withdrawals at any time.
Jim Willens, NBS chief executive, said: "The Sir Bobby Robson Foundation is a great fit with the society.
"Our product allows people to save tax-free while helping a good cause. We're really looking forward to the support we aim to bring to the foundation as a result of this partnership."