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

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.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

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.
 
Close