New fixed-rate bond issue launched by Northern Rock

Northern Rock has launched a new range of fixed-rate bonds as it continues to offer competitive savings interest rates to its customers.

The new range of products offer the company's best savings rates, starting from three per cent per annum over one year to 4.15 per cent over five years.

A three-year fixed bond is also available from the company offering a 3.80 per cent annual gross rate with a 3.50 per cent monthly annual equivalent rate.

Additional deposits can be made to the bond during the offer period up to a maximum value of £2 million per customer.

The new issue bonds are all non redeemable and do not allow any withdrawals or closures during the fixed rate periods.
Northern Rock is offering a charge free transfer option from all variable rate accounts held with the bank.

Little Rock fixed-rate bonds have recently been issued for under children under sixteen at 3.75 per cent gross per annum.

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2010-09-17 13:47:47 © Moneyextra.com