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Fixed Rate Options Bond (Issue 43)
Up to 2.55% Gross/AER*
Secure your savings with a competitive fixed rate until October 2011.
If you want a guaranteed return on your investment, a fixed rate bond could be just what you're looking for. With our Fixed Rate Options Bond (Issue 43), you’ll get a competitive savings interest rate that’s fixed until October 2011. So no matter what happens, you’ll still get a great rate on your savings and have a guaranteed return to look forward to.
Watch your savings grow in this fixed term savings bond
This fixed rate bond is ideal for customers who want a fixed rate on their savings but do not wish to tie up their savings for a long period of time. No withdrawals are permitted until maturity, so you should think carefully about how much to invest in your savings bond.
Choose to have monthly interest
This fixed rate bond lets you to choose how you'd like your savings interest to be paid. You can opt for monthly interest or to have it all on maturity. The monthly interest rate is slightly lower, but because the interest is paid on your savings each month, you'll earn interest on your interest.
Is this account right for you?
If you're still wondering which savings account is right for you, our friendly advisers will be happy to help. Simply visit your local branch or call 0845 600 4368.
Product Terms
General Terms and Conditions
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Summary Box - Key Product Information for our Savings Account
| Account Name |
Fixed Rate Options Bond (Issue 43) |
| Interest Rates |
Annually (Fixed) |
Monthly (Fixed) |
| |
2.55% Gross/AER* |
2.30% Gross / 2.32% AER* |
| Tax Status |
Interest will be paid after the deduction of income tax at the appropriate rate unless you request otherwise. |
| Conditions for bonus payment |
No bonus is applicable. |
| Withdrawal arrangements |
No withdrawals until maturity. |
| Access |
By branch, telephone, post or online. |
| |
Additional Important Information |
| Maturity Date |
18th October 2011 |
| |
Annually |
Monthly |
| Interest Payment |
18th July 2011 |
Last business day |
| Minimum Balance |
£500 |
£1,000 |
| Maximum Balance |
£1,000,000 |
£1,000,000 |
Product Special Conditions
The Newcastle's General Terms & Conditions will apply unless they are inconsistent with these Special Conditions, effective from the date of the account opening.
- The Account is a fixed rate account.
- The Account can be operated in branch, by telephone, post or online.
- The minimum investment in the Account is £500 the maximum is £1,000,000.
- The account can be held in single or joint names.
- After placing your Investment in the Account you may make further deposits while the account is a current issue. The Account is a limited issue and may be withdrawn at any time.
- Withdrawals not permitted until maturity.
- On maturity the Account will automatically transfer to the Newcastle's designated maturity account. We will write to you prior to maturity to advise you of any amendments to the Terms and Conditions of your Account. Following the day of maturity you have 28 days in which to withdraw funds penalty free, thereafter the Maturity Account Terms & Conditions will apply.
- Interest is calculated daily and is paid 18 July 2011 on maturity or monthly.
- Monthly interest is only available on balances of £1,000 and over. Should the final day of a calendar month be a business day then any monthly interest paid to a third party will be paid on that day. Otherwise it will be paid on the following business day.
- Interest can be paid to your Account, to another account with the Newcastle or to a third party bank or building society account.
- Details are correct as at 28/06/2010.
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* 'Gross' interest is the contractual rate of interest payable before the deduction of income tax. 'AER' means "Annual Equivalent Rate" and is a notional rate which illustrates the contractual interest rate (excluding any bonus payable) as if paid and compounded on an annual basis.
