Northern Rock Ireland Direct Saver Fixed Rate Bond

Northern Rock Ireland has launched a new issue of its Direct Saver Fixed Rate Bond offering a fixed rate of 3,00% gross pa/AER (or 2.75% gross/2.78% AER monthly) fixed until 15 February 2012.

Direct Saver Fixed Rate Bond (FRB) Issue 29 offers the rate on balances from a minimum deposit of €1,000. This strictly limited issue FRB will be withdrawn without notice once fully subscribed. Once withdrawn, no further deposits will be accepted.

Additional deposits (minimum €1,000) can be made during the offer period up to the maximum limit of €3 million per account holder. Should the need arise, funds can be withdrawn during the fixed rate period, with a charge equivalent to 60 days’ gross interest on the amount withdrawn.

Interest can be paid annually on 15 February, or monthly, on the last day of the month (available first business day of the following month). Monthly interest is 0.25% lower than the annual return.

Information packs can be obtained by telephoning 1 850 315 115. Further product details and application forms are also available at Northern Rock’s Ireland website northernrock-ireland.ie.