Andy’s Finance

Northern Rock is back on the map for new savers and there are some deals worth considering.

The bank has to raise money to finance its mortgage business and savers are a secure source of income. So look out for top rates over the coming months.

For instance, its Fixed Rate Access Bond pays 5.08% after savings tax (6.35% before tax) until February 20 next year on £1 or more.

Unlike other fixed-rate fixed-term deals, you can take your money out at any time without losing interest, so long as you withdraw at least £250. It can be opened in branches or by post but has to be operated through the post.

There’s also a one-year bond to next March paying 5.16% (6.45%) but you’ll lose 60 days interest on any withdrawals during the fixed term.