Northern Rock has launched a new issue of its popular ISA Breaker account, paying a fixed rate of 2.85%.
The fixed term cash ISA matures on 15 October 2011 and pays the rate on a minimum investment of £500.
Withdrawals and transfers out are permitted on 60 days' loss of interest, whilst further additions are allowed up to 30 days after the issue is closed.
Transfers in are not permitted, the minimum transaction is £250 and on maturity the account converts to a 30 Day ISA with instant access permitted for 30 days.
This product enters the market just below the market leaders in the short term fixed rate ISA field and should prove popular.
Four out of five Moneyfacts stars have been awarded.
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