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.
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