Fixed rate bond offers attractive interest
Friday, October 28, 2005
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The bonds are for a term of 18 months, two years or three years and have an attractive fixed rate of 5.05 per cent gross pa/AER.
The offer, available from Monday October 31st, requires a minimum investment of £1,000 and can only be applied for online.
"If you just want the peace of mind, knowing exactly what income you’ll receive then this offer could be just the ticket - a great rate, a choice of terms to suit you and a shelter if the base rate does, as predicted, come down!" said Susan Hannums, savings manager at AWD Chase de Vere.
The announcement of the bonds follows a statement from Newcastle Building Society two weeks ago accompanying the bonds' original introduction.
At the time, Steve Urwin, head of marketing and new media at Newcastle Building Society said: "We believe the 5.05 per cent rate we are offering is one of the best in today's market and will appeal to online customers looking for a competitive rate."
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