New investment bonds announced

Thursday, October 13, 2005

Two companies have announced the launch of new investment bonds, increasing the opportunities for the UK to save.

Newcastle Building Society has announced the launch of three fixed-rate online bonds that are available for a limited time.

The bonds, which can be for 18-months to three years, have an interest rate of 5.05 per cent gross per annum.

"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," said Steve Urwin, head of marketing and new media at Newcastle Building Society.

Clerical Medical is now offering an investment bond combining a high allocation rate with the choice of regular income or long-term growth.

The bond is targeted at intermediaries who will then be able to offer better flexibility to their customers.

"We have always had a strong reputation for our tax and trust support service to intermediaries, and with our recently expanded fund range, the flexibility of our new bond means that we can now offer intermediaries an exceptional package," said Rod MacDonald, marketing manager.

The Clerical Medical bond is available immediately, with the limited availability Newcastle Building Society bond available from October 14th.
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