Initially Northern Rock will offer two demanddeposit accounts which sources said would carry interest rates substantially above what is available on the domestic market.
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Last month AIB became the latest bank to cut its deposit rates, slicing its demanddeposit rate to just 0.01 per cent.
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A savings account requires a minimum balance of the equivalent of $5,000, while the minimum in demanddeposit accounts is $3,000.
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Northern Rock, the British mortgage bank, has decreased the variable interest rate on its demanddeposit account from 5.75 per cent to 5.5 per cent.
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Its deposit business includes demanddeposits, time deposits and interbank deposits.
1
The Germans are provoked that the bankmoney got out of Belgium.
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The switch will save the bankmoney over time, Moynihan said.
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It makes a profit, likewise, by selling bankmoney at five per cent.
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Cautious folk may be stocking up in case central- bankmoney printing goes terribly wrong.
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I owe the bankmoney, I can't afford to have delays at the ports.
Ús de book money en anglès
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From my uncles to the drug dealers in St. Louis who gave me bookmoney for college-it'sthe folks who made me this way.
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His new bookMoney and Football: A Soccernomics Guide, is published on 18 June by Nation Books
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After merging its North American and international wealth management businesses this year, it sees opportunities with U.S. customers living and bookingmoney abroad.
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"I'm glad it's bookmoney," Raymer went on.
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"I'll start looking first thing tomorrow morning, Papa." He'd get his tuition and bookmoney, though there had been no books!