Northern Rock Launches Another Market Leading Online Savings Account
Northern Rock has announced the launch of another market leading online savings account, to compliment customers' existing e-savings.

NEWCASTLE, ENGLAND, December 12, 2010 /24-7PressRelease/ -- Northern Rock has added a new online easy access savings account to its range, e-saver (Issue 4). The account pays 3.00% gross* per annum for deposits from GBP10,000 to GBP100,000.

E-saver (Issue 4) includes a bonus of 2.00% gross for the first 12 months from opening. Account holders can choose to have their interest paid either annually or month (monthly AER** is 2.74%).

This product compliments Northern Rock existing online savings offer, e-Saver (Issue 3), which pays a flat 2.50% gross without any introductory bonus on balances of only GBP1.

Withdrawals from E-saver (Issue 4) can be made via a nominated bank or building society account without notice or charge (there is a GBP35 fee if customers choose to transfer via CHAPS). The minimum withdrawal is GBP1 for BACS transfers and GBP250 for withdrawals by CHAPS. Customers are able to view their transaction history online.

Additional savings deposits can be made up to the maximum balance of GBP100,000 by electronic transfer from other bank accounts, a transfer from other Northern Rock accounts or by cheque. E-saver (Issue 4) is strictly a limited issue and will be withdrawn without notice.

Where the balance falls below GBP10,000, interest will be earned at the prevailing basic savings rate, currently 0.10% gross p.a.

Full product details can also be found at www.northernrock.co.uk.

Press Release Contact Information:

Simon Hall
Northern Rock
Communications Manager
Northern Rock House
Gosforth, Newcastle upon Tyne
UK NE3 4PL
Voice: 01912794676
Website: Visit Our Website