Advantages: instant access*, 6.5% interest, £1 min bal.opens faster than you think!! Disadvantages: none that I can see so far..
...taken lightly!!
I am familiar with Northern Rock's products and services through having a mortgage with Northern Rock so I decided to check out their savings rates. One reason that prompted me to look into postal savings is due to the sheer slackness of some of the e-bankings accounts I have used recently (see my opinions on internet banking).
I have been with Northern Rock since 1993 (prior to their conversion) and they have always offered fantastic ...
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Advantages: good rates of interest, tight security Disadvantages: see op
...and we then logged onto Northern Rock. This former building society did a nice little account called the Online Tracker account. Interest rates were competive, access to my money was assured 24 hours a day, paying in and out could be done via my HSBC account or by sending them a cheque. Helpline numbers were fully displayed - as if I'd need them! So I duly signed up.
The signing up process was slow.....it took 3 attempts to finally give them all ...
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Advantages: POSTAL BANKING - HIGH INTEREST Disadvantages: BRANCHES
...for a second opinion) found Northern Rock and suggested the Silver Savings Account it has 1 or 2 similarities. The interest rate is linked to the Bank rate and postal and telephone banking is available.
The website I reviewed earlier has details on the account; you can find it at northernrock.co.uk . I managed to get further details from a leaflet posted to me from a London branch. It outlines the terms and conditions set out as rights and obligations.
It ...
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