Northern Rock has increased the rate of interest paid on its long term bond.
The Fixed Rate Bond 407 is a five year fixed term account that pays a yearly rate of 4.50% (4.20% monthly) on a minimum investment of £1.
For clients prepared to tie up their funds for the longer term, this five year account offers an attractive rate, although no early access is permitted.
Additions can be made whilst the issue remains open.
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