Northern Rock bucks the savings trend - Savings - News - Moneyfacts


Northern Rock bucks the savings trend

Northern Rock bucks the savings trend

Category: Savings

Updated: 06/02/2013
First Published: 26/05/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Northern Rock has bucked the savings trend by keeping the rate on its Fixed Rate ISA unchanged, while most around them are dropping theirs.

Its one year fixed term cash ISA paying 2.75% yearly requires a minimum investment of £500.

Flexibility comes in the form of the account allowing withdrawals, although an interest penalty is payable.

However, savers will need to decide how much they wish to invest at the outset as this cash ISA is subject to withdrawal at any time and only offers the chance of making further additions to the account up to 30 days after the issue is closed.

Remaining amongst the top tier of one year fixed term cash ISAs available, and being open for ISA transfers too, this product earns four out of five Moneyfacts stars

Find the best savings account for you - Compare fixed rate cash ISAs

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 Any products featured may be withdrawn by their provider or changed at any time.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

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.