Newcastle Building Society Guaranteed Return Bond launched

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Newcastle Building Society Guaranteed Return Bond launched

Wed 5th Jul 2006

A new guaranteed return bond linked to growth in the FTSE 100 index has been launched by Newcastle Building Society.

The Newcastle Building Society Guaranteed Return Bond has a five-year term and is now available through the building society's branch network as a bond or as an ISA.

A minimum of 20 per cent gross is guaranteed to be returned to investors - however if 50 per cent of the growth performance on the FTSE 100 index sees a greater return, customers are entitled to this amount.

Steve Urwin, from the Newcastle Building Society, commented: "Newcastle is pleased to be able to offer this bond to its customers. With a capital guaranteed return of at least 20 per cent and the additional attractive ISA option we recommend that investors apply for this bond as soon as possible as it is only available for a limited period."

Newcastle Building Society is the largest mutual building society in the North East of England and has over £3.4 billion worth of assets under management.

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