Northern Rock launches ISA Saver - Savings - News - Moneyfacts


Northern Rock launches ISA Saver

Northern Rock launches ISA Saver

Category: Savings

Updated: 27/10/2010
First Published: 27/10/2010

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 It is now over 6 months old so the content may be out of date.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 launched a new ISA account that should attract investors happy to adhere to a notice period.

The ISA Saver is a 120 day notice branch and postal operated cash ISA with a minimum investment of £1K paying 2.80% yearly.

The rate includes a 1.50% bonus for the first 12 months and the underlying rate is guaranteed to be no less than 0.25% above Base Rate until 31 December 2012.

Earlier access is subject to 120 days' loss of interest; transfers can be made on 120 days notice or loss of interest.

There is a minimum withdrawal of £250 and additions and transfers in are permitted.

At 2.80%, it is one of the market leaders in its field and so should appeal to those looking for a home, not only for this years' tax free allowance, but also previous years.

Four out of five Moneyfacts stars have been awarded.

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