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Northern Rock heads the short term league

Northern Rock heads the short term league

Category: Savings

Updated: 20/09/2010
First Published: 20/09/2010

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 It is now over 6 months old so the content may be out of date.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 the rate of interest paid by its one year fixed term bond, making it the market leader in the short term market.

The Fixed Rate Bond 412 pays a yearly rate of 3.00% (2.70% monthly) on a minimum investment of just £1.

The 0.30% increase adds appeal to what was already a competitive product, and it should prove popular with investors looking for a short term home for their funds.

Four out of five Moneyfacts stars have been awarded.

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