Short term bond rate increase from Northern Rock - Savings - News - Moneyfacts


Short term bond rate increase from Northern Rock

Short term bond rate increase from Northern Rock

Category: Savings

Updated: 05/03/2010
First Published: 05/03/2010

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 It is now over 6 months old so the content may be out of date.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 increased rates on selected bonds, launching its one year product into the top ten in its field.

The one year fixed term account now pays a yearly rate of 3.15% (2.85% monthly) on a minimum investment of £1.

It is good to see Northern Rock buck the current trend of rate cuts, making this one year account very competitive.

Investors will need to commit fund for the full term as there is no flexibility for withdrawals.

Four out of five Moneyfacts stars have been awarded.

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