Northern Rock Grows Its Children's Account Family with a Market Leading Rate
Northern Rock has announced an addition to its selection of children's savings accounts with the launch of the 'Little Rock' Fixed Rate Bond.

NEWCASTLE, ENGLAND, August 06, 2010 /24-7PressRelease/ -- Northern Rock has announced the launch of its 'Little Rock' Fixed Rate Bond.

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 GBP1. 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 GBP20,000, and no withdrawals are permitted before the account reaches maturity on 1 September 2013.

Northern Rock's Marketing Director Anthony Mooney said: "Little Rock received a fantastic reception when we introduced it back in April, and this Little Rock Bond for children is a great addition to the range.

"It will give parents even more of what they want - a simple, straightforward product with a competitive rate, to help their children save for their future."

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:

Nigel Charlesworth
Northern Rock
Communications Manager
Northern Rock House
Gosforth, Newcastle upon Tyne
United Kingdom NE3 4PL
Voice: 0191 279 4676
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