Northern Rock Introduces New Online Reward Instant Access Account for Savers
Northern Rock has introduced a new Online Reward instant access account.

NEWCASTLE, ENGLAND, September 03, 2011 /24-7PressRelease/ -- Northern Rock has launched a new competitive Online Reward account, adding further options to its flexible savings range.

For those who prefer the convenience of the Internet with which to manage their savings, Online Reward, which is available to open with a minimum deposit of GBP5,000, pays a competitive interest rate of 3.11% gross* pa/AER** variable on balances over GBP5,000, which includes a bonus rate of 1.61% gross* for the first 12 months from account opening. (Balances falling below this rate will receive Northern Rock's prevailing rate of interest which is 0.10% gross* pa/AER** variable).

Those who prefer a monthly interest option can choose to receive 3.07% gross* variable (3.11% AER**), and additional deposits can be made up to the maximum balance of GBP100,000. Only one account per customer per issue is allowed.

Interest can be paid annually on 11 March. Alternatively, interest can be paid monthly on the 10th day of the month (available next business day or three days following this if the funds are sent via BACS to an external account).

Withdrawals from Online Reward can be made via a nominated bank or building society account without notice or charge (there is a GBP35 fee if customers choose to transfer via CHAPS). The minimum withdrawal amount is GBP1.

To apply for Online Reward, interested parties can visit www.northernrock.co.uk, or for more information regarding Northern Rock's other savings products, call 0845 631 5151 (calls are charged at the service provider's prevailing rate and may be monitored and recorded).

Press Release Contact Information:

Jule Wilson
Northern Rock
PR Contact
Northern Rock House
Gosforth, Newcastle upon Tyne
United Kingdom NE3 4PL
Voice: 0191 279 4676
Website: Visit Our Website