Product category:
Savings and investment
News Release from: Newcastle Building Society | Subject: Investments
Edited by the Insidemoneytalk Editorial
Team on 26 June 2008
Newcastle Building Society launches 6.8%
1 Year Fixed Rate Postal Bond
Newcastle today announced the launch of its new postal bond, with a fixed rate of 6.8% Gross/AER on a minimum investment of ?5,000.
The bond is operated by post and is available now with a maturity date of 28th August 2009 Unusually for a one year fixed-rate postal bond at this competitive rate, the Society allows customers access to up to 25 per cent of the invested amount at any time, without notice or loss of interest
This article was originally published on Insidemoneytalk on 7 Jul 2008 at 8.00am (UK)
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Product details: 6.8% Gross/AER.
Access allowed on up to 25% of the invested amount, without notice or loss of interest.
Minimum/ Maximum investment ?5,000 - ?500,000.
Maturity date: 28th August 2009.
The account is operated by post.
Available now.
Limited Availability.
Steve Urwin, Senior Marketing Executive, Newcastle Building Society, commented: "Newcastle Building Society is delighted to announce the launch of its new 1 year fixed rate postal bond.
This is a very attractive option for our customers right now as it provides savers with a secure and competitive guaranteed fixed rate of 6.8% whilst still allowing some access to their investment should their financial situation change or plans require for it.".
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