ncbs launches the new 1st issue tracker savings bond
24 May 2011 - National Counties Building Society today launched its 1st Issue Tracker Savings Bond. The bond pays a variable interest rate which tracks the Bank of England (BoE) bank rate plus 2.26% for 1 year. Interest rate changes will take place within 30 days of BoE bank rate changes during the term.
Key features
- Invest from £1,000 to £150,000
- Variable rate which tracks the Bank of England (BoE) bank rate plus 2.26% for 1 year
- Interest rate changes take place within 30 days of BoE bank rate changes during the term
- Interest paid on 1st July and at maturity
- Open your account online
- Monthly income option at reduced rate (minimum balance £5,000)
- Transfers from other National Counties savings accounts, without prior notice or penalty, are permitted to open a bond, except for transfers from other fixed term bonds
- No withdrawals prior to maturity
- Strictly limited issue (may be withdrawn at any time without prior notice)
*Interest will be paid or credited after deduction of income tax at the lower rate of 20% or, subject to the required certification, gross.
*aer stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.
To find out more details about the 1st Issue Tracker Savings Bond please click here
Authorised and Regulated by the Financial Services Authority. FSA Register Number: 206080
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