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Northern Rock rolls out three savings bonds

Northern Rock has launched three new fixed rate bonds with fixed interest rates of 5.80 per cent gross for one year, 5.90 per cent gross for two years and 6.00 per cent gross for three years.

The bonds will be available from August 7 with a minimum opening balance of £500 and a ceiling of £2m.

Northern Rock sales and marketing director Andy Kuipers says: “Fixed rate bonds remain popular. With the option to invest for just over one, two or three years our savers can take advantage of guaranteed annual or monthly rates right up to September 2004.”

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