Newcastle launches fixed rate bond with a rate of 6.15%

Newcastle Building Society has announced the launch of its new issue Fixed Rate Bond with a rate of 6.15% gross/AER fixed until 10th September 2008.

The Fixed Rate Bond is available as a direct investment bond or as an ISA.

The bond has a minimum investment of £500 and a maximum investment of £1,000,000 and is available as a passbook or online account.

The Fixed Rate Bond offers a great rate of 6.15% AER and current customers who have held and account with the Society for 12 months or more can also benefit from an additional 0.10% loyalty bonus.

Steve Urwin, Senior Executive Marketing and New Media at Newcastle Building Society, said: “Newcastle is delighted to be able to offer this Fixed Rate Bond at the highly competitive rate of 6.15%; allowing customers the option to make an investment in either a bond or ISA with a competitive and guaranteed fixed rate.

“The Fixed Rate Options Bond is an account designed for anyone who is looking for an attractive rate of interest and intends to hold onto their money for the long-term.

“The bond is especially rewarding for our current Society customers who can take advantage of the loyalty bonus of 0.10%, increasing their rate to 6.25% AER. It also allows those who have been building their ISA pot over the years to transfer existing and previous tax-free savings to one place.”