Newcastle launches new 1 year fixed rate postal bond

Newcastle has announced the launch of its new postal bond, with a fixed rate of 6.8% Gross/AER on a minimum investment of £5,000.

The bond is operated by post and is available now with a maturity date of 28th August 2009.

Unusually for a one year fixed-rate postal bond at this competitive rate, the Society allows customers access to up to 25 per cent of the invested amount at any time, without notice or loss of interest.

Product details:

6.8% Gross/AER
Access allowed on up to 25% of the invested amount, without notice or loss of interest.
Minimum/ Maximum investment £5,000 - £500,000
Maturity date 28th August 2009
The account is operated by post
Available now
Limited Availability

Steve Urwin, Senior Marketing Executive, Newcastle Building Society, commented: "Newcastle Building Society is delighted to announce the launch of its new 1 year fixed rate postal bond. This is a very attractive option for our customers right now as it provides savers with a secure and competitive guaranteed fixed rate of 6.8% whilst still allowing some access to their investment should their financial situation change or plans require for it."