Northern Rock has increased the rate of interest paid by its one year fixed term bond, making it the market leader in the short term market.
The Fixed Rate Bond 412 pays a yearly rate of 3.00% (2.70% monthly) on a minimum investment of just £1.
The 0.30% increase adds appeal to what was already a competitive product, and it should prove popular with investors looking for a short term home for their funds.
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