National Counties 5 year Stepped Rate Bond

National Counties Building Society has launched a Stepped Rate Bond with an interest rate which rises over the 5 year term to 6.00% gross. The 1st Issue Stepped Rate Bond is available from 7th September 2009 and gives savers the opportunity to secure a rate which is guaranteed to increase over the term of their investment.

In addition to five interest rate steps, this limited issue product also features early withdrawal and monthly interest options. Early withdrawals are available in each month in which a rate step ends, subject to 14 days notice and 28 days loss of interest.

Keith Barber, Associate Director. Business Development at National Counties commented “The opportunity to secure a rising guaranteed return, combined with access to some or all of the funds invested at pre-planned times, is bound to prove very popular with savers. As well as looking for good returns, our customers also seek a safe home for their savings and, despite recent economic conditions, National Counties capital strength remains amongst the highest of all building societies in the UK.”

The account can be opened with a minimum of £5,000 up to a maximum of £150,000 and is available online as well as by telephone and post.

For more information, visit ncbs.co.uk.