Newcastle Building Society has announced the launch of its latest fixed-rate E-Bond, offering savers an annual rate of 4.40 per cent gross/AER over three years.

The account also offers savers a monthly rate option of 4.15 per cent gross/4.23 per cent AER.

Steve Urwin, senior marketing executive at Newcastle Building Society, says, ‘With the base rate still down at 0.5 per cent, and experts divided on how long they’ll stay that way, this account offers an excellent rate for those looking to guarantee their return over the next three years.
 
‘Newcastle Building Society currently offers a wide range of savings products offering choice to fit in with people’s individual needs. We allow customers to invest with the convenience of easy access, for a fixed term or to generate a guaranteed monthly income.’

Savers with between £5,000 and £500,000 to invest can do so exclusively via the Newcastle’s website, www.newcastle.co.uk.