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Fixed rate bond from Northern Rock

Northern Rock is issuing a new fixed rate bond and equity tracker product, called Fifty:Fifty Issue 11.

Opening balances of between £5,000 and £2m on the limited issue, which is available until 11 September, will be split equally between a two year fixed rate bond paying 8 per cent gross per annum fixed until September 2004 and a five year equity tracker.

Northern Rock sales and marketing director Andy Kuipers says: “This is a strictly limited issue which combines a very competitive fixed rate savings bond with a stock market linked investment.”

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