Northern Rock launches new short term bond - Savings - News - Moneyfacts

News

Northern Rock launches new short term bond

Northern Rock launches new short term bond

Category: Savings

Updated: 29/09/2010
First Published: 28/09/2010

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Northern Rock has launched a new short term internet bond to complement its postal offering.

The E Bond Issue 1 is a fixed term account that matures on 20 October 2011, and pays a yearly rate of 3.00% (2.70% monthly) on a minimum investment of only £1.

Additions can be made whilst the issue remains open, but no early access is permitted and there is a maximum investment cap of £250K.

This is a market leading rate and should prove popular with internet investors looking for a familiar name to deposit their funds with.

Four out of five Moneyfacts stars have been awarded.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!
 
Close