Gem of an ISA from Northern Rock - Savings - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Gem of an ISA from Northern Rock

Gem of an ISA from Northern Rock

Category: Savings

Updated: 25/09/2009
First Published: 24/09/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The new range of Fixed Rate Cash ISAs from Northern Rock is a savings gem.

Requiring a minimum investment of £500, its Five Year Fixed Rate Cash ISA pays 4.25% yearly, high enough to rank amongst the upper echelons of fixed rate offerings.

Further additions of at least £250 are allowed up to 30 days after the issue closes, while transfers in are allowed too.

Withdrawals and transfers out are also permitted, although 180 days' loss of interest is a considerable price to pay.

On maturity, instant access to funds is allowed for 30 days, before converting into a 30 Day ISA .

The impressive rate makes it crystal clear that four out of five Moneyfacts stars are well deserved.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.