Newcastle launches more E-Bonds offering 4.11%

The UK’s 10th largest building society has added to its portfolio of popular E-Bonds with the launch of a range of products offering fixed rates of up to 4.11 % Gross/AER for a period of two years with a minimum investment of £5,000.

Newcastle Building Society’s new E-Bonds will be available for savers who wish to invest up to £250,000 exclusively via the Society’s website. Products currently available through www.newcastle.co.uk cover one, two and three year terms. The new products will offer savers an annual interest rate of 3.61% Gross/AER over one year and 4.11% Gross/AER for those who wish to invest over two years. These products have been added to complement the current 3 Year E Bond paying up to 4.11% Gross /AER. All of the bonds offer a monthly interest rate option.

Steve Urwin, Senior Marketing Executive at Newcastle Building Society, said: “Newcastle Building Society is delighted to extend availability on its E-Bond range following the initial successful launch of our three year bond earlier this month. Savers now have a choice of one, two or three years and will be able to secure a highly competitive fixed rate of up to 4.11% Gross/AER safe in the knowledge that their money will be working hard for them.

“Offering the E-Bond exclusively via our website www.newcastle.co.uk, gives savers the opportunity to open their account faster and at their convenience, whilst watching their savings achieve a great return on their initial investment at a guaranteed fixed rate of up to 3.61% above the Bank of England base rate.”

Product details:

I Year Fixed Rate E Bond (Issue 2)

1 year fixed rate bond
3.61% Gross/AER Annually
3.30^% Gross / 3.35% AER Monthly
Maturity Date: 25th May 2010
No access until maturity
Minimum Investment £5,000
Maximum Investment £250,000
Opened via newcastle.co.uk

2 Year Fixed Rate E Bond (Issue 3)

2 year fixed rate bond
4.11% Gross/AER Annually
3.80^% Gross / 3.87% AER Monthly
Maturity Date: 24th May 2011
No access until maturity
Minimum Investment £5,000
Maximum Investment £250,000
Opened via newcastle.co.uk

Current Issue

3 Year Fixed Rate E Bond (Issue 1)

3 year fixed rate bond
4.11% Gross/AER Annually
4.01^% Gross / 4.08% AER Monthly
Maturity Date: 1st May 2012
No access until maturity
Minimum Investment £5,000
Maximum Investment £250,000
Opened via newcastle.co.uk