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Fixed Rate Options Bond (Issue 45)
Get Busy With A Competitive Fixed Rate Bond
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 45), you'll get a competitive savings interest rate that's fixed until June 2013. 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. You can make withdrawals from your fixed rate 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 | Fixed Rate Options Bond (Issue 45) | |||
|---|---|---|---|---|
| Interest Rates | Paid Annually (Fixed) | Monthly (Fixed) | ||
| Gross* | AER** | Gross* | AER** | |
| 3.15% | 3.15% | 2.90% | 2.94% | |
| 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 | Withdrawals are permitted subject to 120 days notice. | |||
| Access | By branch | |||
| Additional Important Information | ||||
| Maturity Date | 28 June 2013. | |||
| Interest Payment | Annually | Monthly | ||
| 28 June 2011,2012 and on maturity | Last business day | |||
| 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 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 can be made subject to 120 days notice.
- 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 annually 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 07/06/2010.
Apply
How do I apply?
- Step 1
- Carefully read the Product Special Conditions and General Terms & Conditions.
- 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.