Newcastle launches 5 year guaranteed return account

Newcastle Building Society has announced the launch of its new 5 year Guaranteed Return Account designed to provide investors with the opportunity to invest risk free and achieve a return based on the performance of the FTSE 100 over the next 5 years.

Those who invest in the Guaranteed Return Account will receive either 50% of any growth performance on the FTSE 100 index, or a minimum of 15% over the term - whichever is higher. Investors can rest safe in the knowledge that no matter what happens the initial investment will not be lost.

Steve Urwin, Senior Executive Marketing, at Newcastle Building Society, said: "Newcastle is very pleased to be able to provide customers with this new offering. It enables investors to benefit from growth in the FTSE whilst having the security of being with a building society and having guaranteed returns. With a guaranteed minimum return of 15% and the potential to earn far more, this should come as welcome news to those looking for a secure home for their funds, especially given the current credit crunch backdrop."