Northern Rock launches fixed rate Regular Saver Issue 4

Northern Rock has launched a new issue of its competitively priced Regular Saver account, offering customers flexibility and access to their savings at 4.00% gross pa/AER, fixed until 1 August 2012.

The new limited issue fixed rate Regular Saver (Issue 4) is available to open via Northern Rock’s branch network and also by telephone and post from today (15 June), with a minimum initial deposit of just £1. Customers can choose to open their account by cash, cheque or internal transfer from an existing Northern Rock account (subject to terms and conditions).

Deposits are flexible, so customers can save whatever they choose, up to a maximum of £250 per calendar month. Interest will be paid annually on 31 October and will be added to the account. Customers can choose between a passbook or statement-based account, depending on how they wish to make their monthly deposits; by cash, cheque or internal transfer from an existing Northern Rock account, or by a monthly standing order.

Should the need arise; notice-free withdrawals can be made from a Northern Rock branch. To keep the account open, it must maintain a minimum balance of £1.

Regular Saver (issue 4) is a limited issue product, which will be withdrawn without notice once fully subscribed. Once withdrawn, no further deposits will be accepted.