Northern Rock launches new account options for savers

Northern Rock has launched two new variable-rate savings accounts for customers looking for the best savings rates and the flexibility of accessing their money at any time.

Save Up is a new postal account which allows charge-free and notice-free access of one withdrawal per calendar month.

It pays 2.6 per cent gross/AER per annum variable, which includes a 1.5 per cent bonus payable for 12 months from the time the account is opened.

A new Rainy Day Saver has also been launched which requires 120-day notice to withdraw money, paying 2.9 per cent gross/AER per annum variable, including the same bonus as the Save Up account.

The account has a minimum balance of £5,000 and the interest rate will fall to Northern Rock's prevailing rate of interest during any period that the balance falls below £5,000.

Andy Tate, Northern Rock's customer and commercial director, said: "Both Save Up and Rainy Day Saver offer customers the best of both worlds by providing them with access to their savings without losing out on a leading rate of interest."

Northern Rock has further demonstrated its commitment to providing its customers with the best savings rates by recently introducing a new fixed-rate bond.
 

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2010-11-11 13:14:49 © Moneyextra.com