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Rock returns with a fixed rate bond bang

Rock returns with a fixed rate bond bang

Category: Offshore savings

Updated: 11/05/2009
First Published: 11/05/2009

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 It is now over 6 months old so the content may be out of date.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 (Guernsey) Limited has re-entered the fixed rate bond market after a seven month absence with a highly competitive one year bond.

Paying 3.40% yearly (3.10% monthly), the Offshore Fixed Rate Capped Bond Issue 1 is amongst the best one year bonds available and should prove popular with people looking for an offshore investment.

Requiring a minimum investment of £10K, additional investments of at least £1K are welcomed whilst the issue remains open.

Early access to funds is permitted, albeit with the loss of 60 days' interest.

The excellent rate means this product earns four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.