Newcastle Building Society unveils intermediary service and range of products
Newcastle Building Society has launched its Newcastle Intermediaries Services (IS) designed for intermediary networks and independent financial advisors (IFAs). The new savings and lending brand offers a range of deposit-based savings products, including capital guaranteed structured accounts and fixed-rate bonds.
The products initially launched include the Balanced Account; 50% of the investment goes into a guaranteed equity bond, paying a rate linked to any growth of the FTSE 100 index over the five-year term, uncapped. Capital is guaranteed, so initial capital is returned regardless of the performance of the index. The other 50% is put into an Easy Access account, offering a fixed 9% for the first 12 months, then the Bank of England base rate for the rest of the term. Investors can access their funds
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