Northern Rock Increases Interest Rates and Term for its Market-Leading E-Bond
Northern Rock has announced it is increasing interest rates and term for its market leading e-bond, offering web based savings for those who wish to operate their finances online.

NEWCASTLE, ENGLAND, December 03, 2010 /24-7PressRelease/ -- Northern Rock has launched two new issues of its new market-leading e-bond account, providing competitive interest rates for those savers who wish to operate their accounts online. E-bond (Issues 3 and 4) were launched on Friday, 26 November.

With a minimum deposit of just GBP1, customers can benefit from a competitive fixed rate of interest until 20 January 2012 on e-bond issue 3, which pays 3.15% gross*/AER** annually, or choose e-bond issue 4, which pays 4.00% gross*/AER** pa, fixed until 20 January 2014. Monthly interest rate options are also available for both products. Accounts must be opened and operated online and initial deposits can be made online by electronic transfer from another bank or building society.

Account holders can choose to have their interest paid annually (interest is calculated daily) on 5 August, or monthly (the monthly interest rate is 0.30% below the gross* annual rate) on the 7th of the month (available next business day).

Additional deposits to the bonds can be made during the offer period up to a maximum of GBP250,000 per customer. E-bonds (Issues 3 and 4) are non-redeemable and neither issue allows any withdrawals or closure during its respective fixed rate period. The bonds are offered on a strictly limited issue basis and will be withdrawn without notice once fully subscribed. Once withdrawn, no further deposits will be accepted.

Full product details are available at Northern Rock's website at www.northernrock.co.uk/savings.

Press Release Contact Information:

Jule Wilson
Northern Rock
Communications Manager
Northern Rock House
Gosforth, Newcastle upon Tyne
United Kingdom NE3 4PL
Voice: 01912794676
Website: Visit Our Website