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Save Up with Northern Rock

Save Up with Northern Rock

Category: Savings

Updated: 22/09/2011
First Published: 10/11/2010

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 It is now over 6 months old so the content may be out of date.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 is urging people to put some money away with the launch of its new no notice savings account.

its Save Up account pays a rate of 2.60%, good enough to see it feature amongst the leading no notice accounts which do not have to be operated online.

With the rate including a 1.50% bonus for 12 months, it is essential that savers review the competitiveness of the account in a year's time, although the rate is guaranteed to be no lower than the base rate until 30 June 2013.

Careful planning will also be required to make sure that the one withdrawal per month limit is adhered to.

Being a postal operated account, savers must also be happy to transact via paper and envelopes.

Four out of five Moneyfacts stars is this account's reward.

If you are looking to manage your savings from the comfort of the armchair here is a selection of Northern Rock savings products you can apply for and transact online:

  • Northern Rock's E-Bond Issue 2 (Online Account) paying and interest rate of 3.05% Gross p.a. /AER fixed until 20 January 2012.
  • Northern Rock's E-Saver Issue 3 is a 24/7 online savings account paying 2.50% Gross p.a. /AER with a variable rate of interest.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

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