Northern Rock helps save for a rainy day - Savings - News - Moneyfacts


Northern Rock helps save for a rainy day

Northern Rock helps save for a rainy day

Category: Savings

Updated: 22/09/2011
First Published: 09/11/2010

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 It is now over 6 months old so the content may be out of date.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 made itself noticed with the launch of its new Rainy Day Saver account.

Paying 2.90%, this 120 day notice account is a welcome addition to the variable rate savings range of Northern Rock.

The rate is a market leader in the 120 day notice account field and so should therefore prove popular with savers.

It is worth remembering that no earlier access to funds is permitted, while the rate also includes a bonus of 1.50% for 12 months.

This makes it essential to review the competitiveness of the account in a year's time, although the rate is also guaranteed to be no less than 0.25% above the Bank of England base rate until 31 December 2012.

Four out of five Moneyfacts stars are a fitting reward.

Other Northern Rock savings products you may be interested in are:

  • Northern Rock's E-Bond Issue 2 (Online Account) paying and interest rate of 3.05% Gross p.a. /AER fixed until 20 January 2012.
  • Northern Rock's ISA Breaker Issue 4 (Cash ISA) paying a fixed interest rate of 3.00% Tax Free p.a./ AER until 15 October 2011, withdrawals within this period are subject to a charge.
  • Northern Rock's Fixed Rate Bond Issue 417 also paying 3.00% Gross p.a. /AER fixed interest rate until 11 December 2011.
  • Northern Rock's ISA Saver (Cash ISA) paying 2.80% Tax Free p.a./ AER allows transfers in from existing Cash ISAs with an initial deposit of £1,000.
  • Northern Rock's E-Saver Issue 3 is a 24/7 online savings account paying 2.50% Gross p.a. /AER with a variable rate of interest.
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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 Any products featured may be withdrawn by their provider or changed at any time.

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