Back to fixed savings accounts
Five Year Bond (Issue 2)
Secure your savings with a fixed rate account until October 2015
If you want a fixed return on your investment, our Five Year Bond (Issue 2) could be just what you're looking for. You'll get a competitive savings interest rate that's fixed until October 2015, and the more you invest in this account, the higher the interest rate you'll receive.
Let your savings grow in this fixed term savings bond
This saving sbond is ideal for customers who want a fixed rate on their savings but do not wish to tie them up without access. You can make withdrawals from your bond, however they'll be subject to notice, so you should think carefully before taking money out of 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 paid annually. 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 our branch: 197-201 Main St, Gibraltar or contact us on 00350 200 41143.
Product Terms
| Account Name | Five Year Bond (Issue 2) | |||||
|---|---|---|---|---|---|---|
| Interest Rates | Account Balance | Paid Annually (Fixed) Gross* / AER** | Paid Monthly (Fixed) | |||
| Gross* | AER** | |||||
| £100,000+ | 4.50% | 4.25% | 4.33% | |||
| £50,000 - £99,999 | 4.25% | 4.00% | 4.07% | |||
| £25,000 - £49,999 | 4.00% | 3.75% | 3.82% | |||
| £0 - £24,999 | 3.50% | |||||
| £1,000 - £24,999 | 3.25% | 3.30% | ||||
| Tax Status | Interest will be paid gross.* | |||||
| Conditions for bonus payment | No bonus is applicable. | |||||
| Withdrawal arrangements | Withdrawals are permitted subject to 120 days notice. | |||||
| Access | By branch | |||||
| Additional Important Information | ||||||
| Maturity Date | 5th October 2015 | |||||
| Interest Payment | Annually | Monthly | ||||
| 5th October 2011, 2012, 2013, 2014 and on maturity. | Last Day of each month | |||||
| Minimum Balance | £500 | £1,000 | ||||
| Maximum Balance | £1,000,000 | £1,000,000 | ||||
* 'Gross' interest is the contractual rate of interest payable before the deduction of income tax.
** 'AER' stands for the Annual Equivalent Rate, a notional rate which illustrates what the interest rate would be if paid and compounded on an annual basis.
Product Special Conditions
The Newcastle's General Investment 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 tiered account.
- The Account can be operated in branch.
- The minimum investment in the Account is £500 and 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 can be made subject to 120 days notice.
- On maturity the account will automatically transfer to the Newcastle's maturity account. We will write to you prior to maturity to advise you of any amendments to the Terms & 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 annually or monthly
- Monthly interest is 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. Any final monthly interest due on maturity will be credited to the account.
- 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 04/08/10.
Apply
How do I apply?
- Step 1
- Carefully read the Product Special Conditions and General Terms and Conditions.
(We strongly recommend that you print a copy of these Terms and Conditions for your records).
- Step 2
- Decide how much you would like to invest.
Call us on +44 845 600 4368 and complete the application form over the phone with one of our customer advisers, or, we can call you back. Our Call Centre is open 8am - 8pm Monday to Thursday, 8am - 6pm Friday 9am - 1pm Saturday, closed on Sunday.