Northern Rock launches new fixed rate bonds

Northern Rock has introduced a new range of fixed bonds.

People interested in taking out Northern Rock fixed rate bonds in the near future might like to note that the financier launched a new range of fixed bonds yesterday (September 16th).

These fixed rate bonds from Northern Rock - which can be taken out either by post or in-branch - begin at a gross per annum rate of three per cent over one year and are available up to 4.15 per cent gross per annum over the same time period.

Interest into the accounts can be paid either monthly or annually and it may be worth being aware of the fact that they are all non-redeemable and none allow any withdrawals or closures during their fixed rate timeframe.

According to the lender, these deals are in keeping with its policy of offering its customers "openness, transparency and fair treatment".

Meanwhile, a spokeswoman from Moneyfacts.co.uk stated recently that short-term fixed rate bonds offer a good saving opportunity following the global economic downturn.

By Kate Guthrie