Northern Rock increases ISA Breaker rate - Savings - News |

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Northern Rock increases ISA Breaker rate

 Northern Rock increases ISA Breaker rate

Category: Savings

Updated: 30/09/2010
First Published: 29/09/2010

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 It is now over 6 months old so the content may be out of date.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 paid by its popular ISA Breaker account.

Issue 4 of the product, which is operated by post, now pays a rate of 3.00% on a minimum investment of £500.

Withdrawals and transfers out are permitted on 60 days' loss of interest, and further additions are allowed up to 30 days after the issue closes.

Transfers in are not permitted, the minimum transaction is £250, and on maturity the account converts to the 30 Day ISA with instant access permitted for 30 days.

The launch of this new issue of the ISA Breaker, paying a fixed rate of 3.00%, is great news for investors looking for a good return on this year's tax free allowance.

It enters as the market leader in the short term fixed rate ISA field and should prove very popular.

Four out of five Moneyfacts stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.