Northern Rock Enhances its Easy ISA
Northern Rock has improved its Easy ISA with a 2.5% rate, post or branch banking and the ability to open an account with just GBP1.

NEWCASTLE, ENGLAND, October 10, 2010 /24-7PressRelease/ -- Northern Rock has improved the variable rate cash ISA account, which offers a competitive tax-free* interest rate for a minimum deposit of just GBP1. The improvements follow the success of Northern Rock's recently launched Easy ISA.

Easy ISA can now be opened and administered by post, as well as in branch. It can also be opened over the telephone from the comfort of customers' home.

The improved Easy ISA account provides a variable rate of interest, and offers easy access to funds. A minimum deposit of only GBP1 is needed to open the ISA, which offers a competitive flat rate of 2.50% tax free*/AER** pa, and the option to transfer across existing Cash ISAs.

The product welcomes additional deposits and transfers within HM Revenue and Customs limits (GBP5,100 pa from April 2010). Interest, which can be added to the ISA account or paid into another account, is paid annually on 30 November (available the next business day).

Charge-free and notice-free withdrawals and transfers (minimum GBP1) can also be made from the account (there is a GBP35 fee for transfers via CHAPS).

Notes to Editors:
*The tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.
**AER stands for Annual Equivalent Rate and shows what the interest rate would be when interest is paid and added to the capital balance each year.

Application forms for all products are available by phone on 0845 631 5151, or through the website www.northernrock.co.uk.(Calls are charged at the service provider's prevailing rate and may be monitored and recorded.)

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