Newcastle launches new secure bond

Newcastle Building Society has announced the launch of a new Secure Bond with a fixed rate of 6.20%, allowing withdrawals on up to 25% of the invested amount without penalty.

Newcastle Secure Bond

Fixed rate of 6.20% gross/AER
Minimum/ Maximum Investment £500 - £1,000,000
Withdrawals can be made up to 25% of the invested amount
Interest credited to account on maturity (15th October 2009) or monthly subject to lower rates
Operated in branch, by post, telephone or online

Steve Urwin, Senior Marketing Executive at Newcastle Building Society, commented: "We are delighted to announce the launch of our new competitive Secure Bond. Newcastle Building Society prides itself on offering products to suit its customers' needs and we believe the flexibility to withdraw some of their money, coupled with a market leading rate is an attractive option to today's investor."