Following the successful introduction of the Little Rock Instant Access Account in April 2010, the Little Rock Fixed Rate Bond is the latest member of Northern Rock’s family of children’s savings accounts.

The new Fixed Rate Bond offers a market leading rate of interest for a minimum deposit of only £1. As well as a great rate, 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 2 August 2010.

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

The account offers 5.00% gross* p.a., fixed until 1 September 2013, with interest paid annually on 31 July. 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 to provide a regular income should that be required.

Strictly a limited issue, Little Rock FRB (Issue 1) can be opened by cash, cheque or by transfer. The account has a maximum balance limit of £20,000, and no withdrawals are permitted before the account reaches maturity on 1 September 2013.

Via EPR Network
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