Newcastle offers 4.50% postal savings bond

Newcastle Building Society added to its portfolio of market-leading bonds with the launch of a Two Year Fixed Rate Postal Bond (Issue 5) offering up to 4.50% Gross/AER.

The Society’s latest bond will be available for those looking to invest between £5,000 and £500,000 with the option to receive interest annually at 4.50% Gross/AER or at a monthly rate of 4.25% Gross/4.33% AER. The account is operated exclusively via post and allows further deposits while it is an open issue.

Savers looking to invest for longer than two years have a number of other options with the Newcastle which has recently launched its Five Year Fixed Rate Bond, offering 5.00% Gross/AER annually, with withdrawals permitted at 90 days notice and no loss of interest. A monthly interest version is also available at a rate of 4.75% Gross / 4.85% AER.

Steve Urwin, Senior Marketing Executive at Newcastle Building Society, said: “We are delighted to offer yet another market-leading account, adding even more choice to our range, which includes some great rates, a variety of access options and periods of investment terms to suit most savers requirements whatever amounts they are looking to save.

“This new postal account will offer a guaranteed fixed rate until it matures in just two year’s time, which is great for those looking to invest over the short or medium term.”

For more information, visit newcastle.co.uk