Date added: 02/12/2011 | < Back to Best Buys |
General | |
Gross Interest Rate | 3.16% including bonus |
AER | 3.16% including bonus |
Opening | |
Method of opening account | Internet |
Minimum age of account holder | 16 |
Minimum deposit | £1 |
Maximum deposit | £100,000 |
Contact details for opening | 0845 600 4466 |
| Go to Northern Rock Website |
| Northern Rock plc, Savings Department, Northern Rock House, Gosforth, Newcastle upon Tyne, NE3 4PL |
Ongoing | |
Frequency interest paid | Annually or monthly at a slightly reduced rate |
Interest fixed until | Variable |
Details of any bonus rates | 1.66% for 18 months |
Minimum ongoing balance | £1 |
Compound interest or paid into separate account | Applied to account |
Closing/Accessing funds | |
Withdrawals allowed | A maximum of 6 penalty free withdrawals are permitted per year, including any closure |
How withdrawals are made | Internet |
Early access penalties | Yes if more than 6 withdrawals in a year |
Notice required | No |