Newcastle Building Society’s Premier Bond offers 4.4%

Newcastle Building Society’s Premier Bond at 4.4% (on interest paid annually) now offers savers the chance to access their cash penalty free, subject to a notice period, making it one of the most competitive deals in the marketplace.

The five year product will prove popular with investors who want a guaranteed interest rate for their savings but do not necessarily want to tie their money up for several years.

The Premier Bond allows penalty free access subject to 180 days’ notice. But with the competitive rate of interest set at 4.4% (on interest paid annually) it means savers can invest for the medium term but with peace of mind that they can access their funds if they need to.

Steve Urwin, Sales and Marketing Executive, said: “We added access to this product as the marketplace is highly competitive and some investors need more from their products than just a good rate.

“As well as this, many savers do not want to lock their cash away, which means that traditionally they may have only had access to products that pay lower variable interest rates.

“But with our Premier Bond they have the best of both worlds; a great fixed rate at up to 4.4% and access to their money, which would allow them to move their money to other products if they see interest rates rise in the future.”

For more information, visit newcastle.co.uk.