Northern Rock launches new fixed rate e-bond
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Northern Rock has a new e-Bond offers a competitive rate of return for investors who want to use their online account.
With a minimum investment of just £ 1, can enjoy the customer a fixed interest rate for one year. e-bond (number 1) pay 3.00% Gross * / AER ** to 20 years October 2011. Accounts must be opened and operated online. Initial deposits can be made online by electronic transfer from another company or bank to a building or change an existing Northern Rock.
account holder can choose whether their annual interest (interest is calculated daily) on 5 August or month (the monthly interest rate is 0.30% lower than the annual gross salary *) 7 of the month (available on the next working day).
Additional deposits can be made during the subscription period, up to £ 250 000 per customer. E bond (http://www.northernrock.co.uk/savings/online-accounts/e-bond_issue_1/) (No. 1) is non-refundable and do not allow for withdrawals or closure during the fixed rate. The fixed rate bonds (http://www.northernrock.co.uk/savings/fixed-rate-bonds/) is offered on a limited edition and is fully subscribed unannounced be withdrawn. Once removed, nor will deposits be accepted.
According to North
Rocka? to provide the commitment to openness, transparency and fair treatment of customers, the details of the complete product is available to Northern Rock? s website at www.northernrock.co.uk / savings.
Notes for editors
Northern Rock Bail-e? Number 1
* Gross is the interest rate paid to eligible non-payers without deduction of tax. Please note the interest is paid net of tax, if you receive interest gross and submit the required registration form to qualify us.
** AER stands for annual equivalent rate and shows what would be the interest rate if the interest is paid and the amount of capital per year.
No closure or withdrawals are permitted before maturity.
Northern Rock (http://www.northernrock.co.uk/) plc is a new bank, which by the FSA as a customer deposit and mortgage bank of 1 Approved in January 2010. It provides its customers with savings accounts in the United Kingdom and Ireland and mortgage loans to borrowers United Kingdom New products are offered through direct channels, -. As a national network of offices -. Intermediaries and mortgage
Northern Rock agreed to continue to operate
announced in the compensatory measures with the EC under the approval of state aid in October 2009.
Northern Rock plc
– registered in England and Wales (No. 6952311 Company).
Registered Office: Northern Rock House, Gosforth, Newcastle upon Tyne, NE3 4PL.
Approved
and regulated by the Financial Services Authority.
Media Contacts
:
Jule Wilson
Communications Manager
Northern Rock House
Gosforth
Newcastle upon Tyne
NE3 4PL
0191 279 4676
www.northernrock.co.uk
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