Northern Rock has expanded its range of internet savings accounts with the launch of Online Reward.
Paying 3.11%, this new no notice account sits just below the market leaders in its field.
However, as the rate includes a bonus of 1.61% for 12 months, a review will be required when it expires to make sure the account remains competitive.
Requiring a minimum investment of £5K, it must also be remembered that the number of penalty-free withdrawals is restricted to six per year.
Four out of five Moneyfacts stars are a just reward.
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