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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 It is now over 6 months old so the content may be out of date.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.

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