Northern Rock Launches Easy ISA Issue 2
Northern Rock has launched its Easy ISA Issue 2.

NEWCASTLE, ENGLAND, April 13, 2011 /24-7PressRelease/ -- Northern Rock has announced the launch of its Easy ISA Issue 2.

Following the success of its recently launched Easy ISA, 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.

Easy ISA can now be opened and administered by post, as well as in branch.

The Easy ISA Issue 2 account provides a variable rate of interest, and easy access to savings funds. With a minimum deposit of GBP1, a competitive flat rate of 2.65% tax free*/AER** pa, and the option to transfer across any existing Cash ISAs, Easy ISA makes sense. Balances below GBP1.00 will earn the basic savings rate of 0.10% tax free* per annum and deposits into the Variable Rate Easy ISA will be allowed from all Northern Rock variable rate accounts, instant access and notice accounts. Transfers from online accounts must be made via the nominated bank account. Transfers in from other organisations are allowed.

The product welcomes additional deposits and transfers within HM Revenue and Customs limits (GBP5,340 pa from 6 April 2011). Interest, which can be added to the account or paid into another account, is paid annually on 30 November and will be 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).

Press Release Contact Information:

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