18th April 2011

PREMIER BOND THAT OFFERS 4.4% AVAILABLE WITH A PENALTY FREE ACCESS NOTICE PERIOD
Newcastle Building Societys Premier Bond at 4.4% (on interest paid annually) now offers savers the chance to access their cash penalty free, subject to a notice period, making it one of the most competitive deals in the marketplace.

The five year product will prove popular with investors who want a guaranteed interest rate for their savings but do not necessarily want to tie their money up for several years.

The Premier Bond allows penalty free access subject to 180 days notice. But with the competitive rate of interest set at 4.4% (on interest paid annually) it means savers can invest for the medium term but with peace of mind that they can access their funds if they need to. Steve Urwin, Sales and Marketing Executive, said: We added access to this product as the marketplace is highly competitive and some investors need more from their products than just a good rate.

As well as this, many savers do not want to lock their cash away, which means that traditionally they may have only had access to products that pay lower variable interest rates.

But with our Premier Bond they have the best of both worlds; a great fixed rate at up to 4.4% and access to their money, which would allow them to move their money to other products if they see interest rates rise in the future.

Product Information:
Summary Box - Key Product Information for our Savings Account Account Name Newcastle Premier Bond Account Paid Annually Paid Monthly (Fixed) Balance (Fixed) Gross* AER** Gross* / AER** 500 - 1,000,000 4.40% 4.15% 4.23% Interest will be paid after the deduction of income tax at the appropriate rate unless you request otherwise. No bonus is applicable. Withdrawals are permitted subject to 180 days notice By branch, telephone, post or online. Additional Important Information Maturity Date Interest Payment 11 April 2016 Annually th 10 April 2012, 2013, 2014, 2015 and on maturity.
th

Interest Rates

Tax Status Conditions for bonus payment Withdrawal arrangements Access

Monthly Last Day of each month

Minimum Balance Maximum Balance

500 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 compared on an annual basis.

-ENDS-