Northern Rock Fixed Rate Capped Bond Issue 2
Compare the Northern Rock Fixed Rate Capped Bond Issue 2 with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 |  This Product Is No Longer AvailableNorthern Rock no longer offer the "Fixed Rate Capped Bond Issue 2". You can find an alternative savings by selecting one of the following options; For comparison, here are the details of the Northern Rock Fixed Rate Capped Bond Issue 2 before it was withdrawn: | ||
| Company: | Northern Rock www.northernrock.co.uk | ||
| Product: | Fixed Rate Capped Bond Issue 2 | ||
| Savings Details | |||
 Account Type: | Term | ||
| Rate Type: | The type of interest rate is fixed. | ||
| Headline Interest Rate: | The headline interest rate is 4.50% AER. | ||
| Application Criteria | |||
| Existing Customer Only: | No | ||
| Minimum Age: | The minimum age is 14 years. | ||
| Area Restrictions: | There are no area restrictions that apply to this account. | ||
| Minimum Investment: | The minimum investment to open this account is £1. | ||
| Maximum Investment: | The maximum investment is £25000. | ||
| Minimum Balance: | The minimum balance is £1. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | There are no free gifts or incentives offered with this account. | ||
| Rates | |||
| Tax Free: | This product is not tax free. | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £1 4.50% 4.50% 4.50% | ||
| Fixed Term: | This account has a fixed term until 01/11/2009. | ||
| Fixed Term in Months: | The fixed term of this account is 12 months. | ||
| Fixed Interest Rate: | The interest rate is fixed. | ||
| Term Date: | This account ends on 01 Nov 2009. | ||
| Fixed Rate Period: | The interest rate is fixed until 01/11/2009. | ||
| Interest Payment Freq: | Interest is paid monthly. | ||
| Managing Account | |||
| Passbook: | A passbook is not issued when this account is opened. | ||
| Transactions at Branch: | Transactions cannot be made at a branch. | ||
| Statement Frequency: | A statement will be issued upon maturity. | ||
| Transactions by Phone: | Transactions cannot be made by telephone. | ||
| Transactions by Internet: | Transactions cannot be made via the internet. | ||
| Transactions by Post: | Transactions can be made by post. | ||
| Special Access: | Withdrawal and closure are allowed subject to a charge equivalent to 60 days' loss of interest on the amount withdrawn. | ||
| Withdrawal Conditions: | Withdrawal Conditions - Withdrawal and closure are allowed subject to a charge equivalent to 60 days' loss of interest on the amount withdrawn. | ||
| Closure Before Maturity: | Closure of account before maturity is permitted. | ||
| Transferred on Maturity: | If no instructions are received from the customer this account will be transferred to a variable rate matured bond operated by post. Funds are available without notice or penalty by sending a written request for £100 or more. | ||
| Fees & Charges | |||
| Withdrawal Penalty: | An interest penalty of 60 days is applied when a withdrawal is made. | ||
| Withdrawal Charge: | There is no charge applied for withdrawals. | ||
| W/d Notice/Penalty/Charge: | There is a charge of 60 days' loss of interest on the amount withdrawn. | ||
