Product category:
Savings and investment
News Release from: Newcastle Building Society | Subject: Investment funds
Edited by the Insidemoneytalk Editorial
Team on 30 April 2008
Newcastle Building Society launches
fixed rate bond
Newcastle Building Society today announced the launch of its new one year fixed- rate bond, with a rate of 6.30% Gross/AER on a minimum investment of £5,000.
The fixed-rate bond is now available and the account is operated via branches Product details: 1 year fixed rate bond
6.30% Gross/AER.
Maturity Date: 1 May 2009.
No access until maturity.
Minimum Investment £5,000.
Maximum Investment £1,000,000.
Steve Urwin, Senior Executive Marketing, commented: "We are delighted to announce the launch of the Society's new branch-based one year fixed-rate bond.
This bond offers a highly competitive, guaranteed fixed rate for customers who are looking for a safe haven for their funds.
The account offers an attractive rate of interest which is secured until 1 May 2009 and is an ideal option for savers looking for rate security and do not require immediate access to their funds.".
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