Newcastle launches 6.45% Seven Month Fixed Rate Options Bond

Newcastle Building Society has announced the launch of a new Fixed Rate Bond, with a rate of 6.45% AER (6.35% Gross) on a minimum investment of £1,000. The bond may be operated via branches, post, telephone and online. It is available now with a maturity date of 11 May 2009.

The fixed rate bond offers a guarantee on the investment with a competitive savings interest rate fixed for seven months. Interest is payable on maturity, however, a monthly interest option is available at a reduced rate.

Product details:

6.45% AER (6.35% Gross)
Minimum/ Maximum investment £1,000 - £1,000,000
Maturity date 11 May 2009
Operated by branches, post, telephone and online
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 seven month fixed rate 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 6.45% AER. In particular the bond gives customers who may be unsure of what to do with their money during these uncertain times, time to decide what best to do, safe in the knowledge that they are getting a good return."