National Counties’ savers lock money away but keep the key

Savers investing in National Counties Building Society’s Stepped Rate Bond are getting a great deal in more ways than one.

The Stepped Rate Bond offers the peace of mind that comes with knowing that, if circumstances change and they want their money back, savers can withdraw part or all of their investment from the bond at the end of each rate step.

On top of this, there’s the immediate benefit of receiving 3.75% gross, fixed to 28 February 2011, which compares well against current leading rates for short term bonds. And, being a stepped bond, there’s the further advantage that the interest rate will increase four times over the five year term, reaching 6.00% gross - guaranteed.

Of course, flexibility like this comes with a cost and withdrawals, which are available in each of the four months in which the interest rate steps end, are 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 and guaranteed return, combined with access to some or all of the funds invested as each rate steps ends, is proving to be popular with savers. As well as looking for good returns, our customers also seek a safe home for their savings and 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 National Counties website at ncbs.co.uk.