Northern Rock said with a minimum deposit of just GBP1, customers can benefit from a fixed rate of interest until 20 May 2012 on e-bond issue 7, which pays 3.10% gross/AER annually, or chose e-bond issue 8, which pays 4.10% gross/AER annually, fixed until 20 May 2014. It also offers monthly interest options for both products.
For these products, customers must open and operated the accounts online with initial deposits made through electronic transfer from another bank or building society.
E-Bonds account holders can choose to have their interest paid annually, or monthly, or on the 7th of the month.
The customers can make additional deposits to the fixed rate bonds during the offer period up to a maximum of 250,000 pounds per customer.
