Northern Rock Launches Issue 2 of the Little Rock Fixed Rate Bond
Northern Rock has launched a new issue of its children's savings bond following the popularity of issue one that was launched in early August.

NEWCASTLE, ENGLAND, August 22, 2010 /24-7PressRelease/ -- Northern Rock has launched a new issue of its Little Rock Fixed Rate Bond to help children save for their future following the unprecedented popularity of the Little Rock Fixed Rate Bond (Issue 1) that was launched in early August.

The new 3 Year Little Rock Fixed Rate Bond (FRB) (Issue 2) offers a competitive rate of interest for a minimum deposit of only GBP1. And once again, every 'little rocker' who opens an account will receive a choice of free gifts from their new friend, Little Rock. The account can be opened through Northern Rock's branch network and by post from 2pm today (Wednesday 18 August 2010).

The Little Rock Fixed Rate Bond (FRB) Issue 2 is available to customers aged under 16, with an appropriate adult named on the account as trustee.

The account offers 4.00% gross* p.a., fixed until 1 October 2013, with interest paid annually on 31 August. This can be added to the account or paid into another account, or that of another bank or building society. A monthly interest option is also available.

Strictly a limited issue, the non-redeemable Little Rock FRB (Issue 2) can be opened by cash, cheque or by transfer. The account has a maximum balance limit of GBP20,000, and no withdrawals are permitted before the account reaches maturity on 1 October 2013. The Bond may be withdrawn without notice once fully subscribed, and after this time, no further deposits into the Bond will be accepted.

The Little Rock instant access account, offering instant access children's savings with a 3.00% gross* p.a. remains available for UK residents under 16 years of age.

In keeping with Northern Rock's commitment to providing openness, transparency, and fair treatment of customers, full product details for Northern Rock accounts are available on application in the Terms and Conditions.

Press Release Contact Information:

Jule Wilson
Northern Rock
Communications Manager
Northern Rock House
Gosforth, Newcastle upon Tyne
United Kingdom NE3 4PL
Voice: 0191 279 4676
Website: Visit Our Website