Newcastle introduces new 4.40% E-Bond offering

Newcastle Building Society has cast a ray of sunshine for savers this summer with the launch of its latest fixed rate E-Bond offering a ‘Best Buy’ annual rate of 4.40% Gross/AER over three years.

Savers with between £5,000 and £500,000 to invest can do so exclusively via the Newcastle’s website newcastle.co.uk. The account also offers savers a monthly rate option of 4.15% Gross/ 4.23% AER.

Steve Urwin, Senior Marketing Executive at Newcastle Building Society said: “We’re delighted that, with the launch of our new E-Bond we’re able to offer a best buy product. With the base rate still down at 0.5% - and experts divided on how long they’ll stay that way – this account offers an excellent rate for those looking to guarantee their return over the next three years.

“Newcastle Building Society currently offers a wide range of savings products offering choice to fit in with people’s individual needs. We allow customers to invest with the convenience of easy access, for a fixed term or to generate a guaranteed monthly income. All our products provide certainty that savers’ money will be in a secure home.”

For more information, visit newcastle.co.uk