Product category:
Savings and investment
News Release from: Newcastle Building Society | Subject: Investment funds
Edited by the Insidemoneytalk Editorial
Team on 23 June 2008
Newcastle Building Society launches 7%
Fixed Rate Option Bond
Newcastle today announced the launch of its new Option Bond, with a fixed rate of 7% Gross/AER on a minimum investment of ?500.
The Fixed Rate Option bond is available from 23rd June 2008 and can be operated via branches, post, telephone and the internet Product details: 7% Gross/AER
Term: 26 months.
Maturity date: 13 August 2010.
Minimum investment ?500.
Maximum investment ?1,000,000.
Steve Urwin, Senior Marketing Executive, commented: "Newcastle Building Society is very pleased to announce the launch of its new fixed rate option bond with a market - leading rate of 7%.
This account provides savers with a competitive and secure rate of interest and is a great opportunity for customers who do not require immediate access to their funds.".
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