Newcastle Building Society launches fixed rate Postal Bond

Newcastle Building Society has announced the launch of its new 100% Access Postal Bond with a fixed rate of 5.00% Gross/AER on a low minimum investment of £1,000.

The fixed rate bond provides savers the opportunity to guarantee a fixed rate whilst market rates fall.

Product highlights:

Fixed Rate Postal Bond at a rate of 5.00% Gross / AER.
Minimum / Maximum investment £1,000 - £1,000,000.
100% access available, a minimum balance of £1,000 to be held in the account at all times to achieve advertised rate.
Maturity date 1 February 2010.
The account must be operated by post.
Available now, for a strictly limited period.

Steve Urwin, Senior Marketing Executive at the Newcastle Building Society commented: "This bond allows savers to guarantee a high return on their savings with the additional security of full access. At a time when rates have seen significant reduction we're offering savers who are happy to operate an account by post a very limited opportunity along with the peace of mind it will provide."