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Northern Rock gives savers a break

Northern Rock gives savers a break

Category: Savings

Updated: 16/04/2010
First Published: 16/04/2010

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 It is now over 6 months old so the content may be out of date.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 given savers a welcome break with the launch of a fixed term cash ISA.

Maturing on 15 May 2011, the Cash ISA Breaker requires a minimum investment of £500 and pays 3.00% yearly.

Savers will need to work out how much they wish to invest at the outset, as this product 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.

Transfers in are not allowed, but withdrawals and transfers out are permitted on the loss of 60 days' interest.

On maturity, the product converts to Northern Rock's 30 Day ISA, with instant access permitted for 30 days.

Sitting just below the market leaders in the short term ISA market, this deal earns four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.

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