Northern Rock has introduced a new issue of its Save Up account, paying an improved rate.
Issue 2 of the no notice postal operated account pays a yearly rate of 2.80% (2.77% monthly) on a minimum investment of £1.
The rate includes a 1.50% bonus for 12 months, one withdrawal is permitted per month, and a maximum investment of £100K can be made.
This review of the no notice postal account sees the new issue paying 0.20% more than its predecessor but the investment has now been capped at £100K.
Paying 2.80%, it sits just below the market leading no notice account (excluding internet accounts).
Four out of five Moneyfacts stars have been awarded.
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