Northern Rock improves ISA rates

Northern Rock is launching three new issues of its fixed-rate cash ISA, offering its customers competitive tax-free savings interest rates.

The new ISAs can be fixed over a choice of one, three or five years and opened with a minimum initial deposit of £500.

Northern Rock's fixed-rate cash ISAs allow transfers from all variable rate accounts, instant access and notice accounts currently held with the bank.

The products can be opened by post or through Northern Rock's branches and additional deposits can be made to the cash ISAs, within the £5,100 allowance, up to 30 days after the product is withdrawn.

Interest can be added to the ISA accounts or paid into another account, is paid annually on November 30th.

Withdrawals can be made from the account, subject to a charge equivalent to 60 days' loss of interest on the amount withdrawn issue 150, 120 days' loss on the amount withdrawn issue 151, or 180 days' loss issue 152.

Northern Rock recently announced further cuts to its mortgage rates, offering purchase customers and those looking to remortgage very competitive rates.
 

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2010-11-23 13:56:54 © Moneyextra.com