Northern Rock Launches New eBond Issues
Northern Rock has announced the launch of two new issues of its online fixed rate e-bond account.

NEWCASTLE, ENGLAND, October 12, 2011 /24-7PressRelease/ -- Northern Rock has launched two new issues of its new online fixed rate e-bond account, providing competitive interest rates for those savers who wish to operate their accounts online. e-bond (issues 18 and 19) will are available now.

With a minimum deposit of just GBP1, customers can benefit from a competitive fixed rate of interest until 20 October 2012 on e-bond issue 18, which pays 3.00% gross*/AER** annually. Alternatively, they can choose e-bond issue 19, which pays 3.25% gross*/AER** pa, fixed until 20 October 2014. Monthly interest rate options are also available on all three 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 GBP500,000 per customer. The fixed rate bonds (Issues 18 and 19) are non-redeemable and none of the issues allow any withdrawals or closure during their respective fixed rate periods. The bonds are offered on a strictly limited issue basis and will be withdrawn without notice once fully subscribed. Once withdrawn, no further deposits will be accepted.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
PR Contact
Northern Rock House
Gosforth, Newcastle upon Tyne
United Kingdom NE3 4PL
Voice: 0191 279 4676
Website: Visit Our Website