Newcastle intermediary services launches new rates on leading range of fixed bonds

clock

With the new Fixed Bond (Issue 2) intermediaries can offer customers a fixed rate of 3.25% Gross/AER until maturity on 17 May 2011, with a minimum balance of £5,000 and maximum investment of £250,000. Fixed Bond (Issue 1) is a one year version of the account with a maturity date of 17 May 2010 and an annual interest rate of 3.00% Gross/AER. Savers also have the option to receive interest on a monthly basis at a lower rate.

These Fixed Rate Bonds give savers the opportunity to invest their money in an account paying a competitive fixed rate of interest, whilst at the same time ensuring their savings are secure until the end of the term. Independent Financial Advisers and intermediaries will also benefit from these bonds which offer generous upfront commission rates of up to 0.35%.

Steven Marks, Intermediary Services Executive at Newcastle Building Society said: “Our Fixed Rate Bonds have proved very popular on the high-street with Newcastle Building Society customers and that is why we have made these additional products available to the intermediary market.

“We believe that the competitive commission we are offering, combined with these attractive rates, beat other deals currently available to intermediaries.

“Newcastle IS offers a portfolio of products which are aimed at IFAs and intermediaries of all sizes with the unique offering of www.newcastleis.co.uk. The site allows you to submit online applications, staged application and commission tracking, online client valuations, a sales toolkit, literature library and an online ordering system, all designed to provide advisers with a fully functional and reliable service.”

For more information please contact Newcastle IS on 0845 603 9299, e-mail [email protected] or visit www.newcastleis.co.uk.

Product details:

One Year Fixed Rate Bonds

  • 3.00% Gross/AER annually
  • 2.75% Gross/ 2.78% AER monthly
  • Maturity Date: 17th May 2010
  • No access until maturity
  • Min/Max Investment £5,000/£250,000
  • Operated via post and telephone

Two Year Fixed Rate Bonds

  • 3.25% Gross/AER annually
  • 3.00% Gross/ 3.04% AER monthly
  • Maturity Date: 16th May 2011
  • No access until maturity
  • Min/Max Investment £5,000/£250,000
  • Operated via post and telephone

For further information please contact:
Richard Hall, PR assistant
Newcastle Building Society
0191 244 1522

About Newcastle Building Society

Newcastle Building Society is the biggest building society based in the North East and one of the strongest mutual building societies in the country. With assets under management of over £5.09bn we are certainly large enough to cope but small enough to care deeply about the needs of our members. We are committed to providing a range of innovative and attractive products and services.

www.newcastle.co.uk

More on Your profession

UK IFA deal numbers hit 'new peak' in 2025

UK IFA deal numbers hit 'new peak' in 2025

Deals rose from 50 to 133 between 2020 and 2025

Sophia Panayi
clock 12 May 2026 • 4 min read
Phillip Wickenden: The political map has been redrawn

Phillip Wickenden: The political map has been redrawn

'The market is not pricing personalities. It is pricing discipline'

Phillip Wickenden
clock 11 May 2026 • 6 min read
Why the end of paper shareholdings matters now

Why the end of paper shareholdings matters now

‘There is still time before the 2027 deadline’

Ben Rogers
clock 11 May 2026 • 4 min read

In-depth

Why firms are kicking off with advice for professional sportspeople

Why firms are kicking off with advice for professional sportspeople

‘Unpredictable’ careers and education gap playing a part

Sophia Panayi
clock 12 May 2026 • 8 min read
Standard Life/Aegon UK deal signals provider 'shrinkflation' as advisers await impact

Standard Life/Aegon UK deal signals provider 'shrinkflation' as advisers await impact

'Strategically smart, operationally delicate'

Isabel Baxter
clock 15 April 2026 • 7 min read
Are AI tools the new robo advisers?

Are AI tools the new robo advisers?

Reform not replacement

Laura Miller
clock 07 April 2026 • 8 min read