Northern Rock makes ISA triple jump - Savings - News - Moneyfacts

News

Northern Rock makes ISA triple jump

Northern Rock makes ISA triple jump

Category: Savings

Updated: 25/02/2010
First Published: 25/02/2010

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 dived headlong into the annual ISA scrum with the launch of three new ISA product issues.

The Stepped Fixed Rate ISA Issue 5 is a fixed term branch and postal operated cash ISA maturing 15.3.13 with rates guaranteed to rise each year. A minimum investment of £500 pays 3.50% yearly until 15.3.11, 4.00% until 15.3.12, and 4.50% until maturity. Earlier access and transfers out permitted on 120 days' loss of interest.

The Stepped Fixed Rate ISA Issue 6 is a fixed term branch and postal operated cash ISA maturing 15.3.15 with rates guaranteed to rise each year. A minimum investment of £500 pays 3.50% yearly until 15.3.11, 4.00% until 15.3.12, 4.50% until 15.3.13, 5.00% until 15.3.14, and 5.50% until maturity. Earlier access and transfers out are permitted on 180 days' loss of interest.

On both ISAs: further additions allowed up to 30 days after the issue is closed. Transfers in are permitted and the minimum transaction is £250.

The Fixed Rate ISA Issue 129 matures on 15.3.11, with a minimum investment of £500 paying 2.75% yearly. Withdrawals and transfers out permitted on 60 days' loss of interest, while further additions are allowed up to 30 days after the issue is closed. Transfers in are permitted and the minimum transaction is £250. On maturity, the account converts to 30 Day ISA with instant access permitted for 30 days.

All three accounts have been awarded four out of five Moneyfacts stars.

Find the best savings accounts 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 Any products featured may be withdrawn by their provider or changed at any time.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

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.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!
 
Close