Northern Rock's online Savings section identifies its Tracker Online a/c as :
"An Internet-operated savings account, with an interest rate guarantee linked to the UK Bank Base Rate"
True enough, the a/c page states :"The annual interest is guaranteed to be no lower than 0.50% below the UK Bank Base Rate until further notice." (I prefer Stroud & Swindon Bdg Soc's currently fully subscribed recently offered a/c that guarantees a rate not lower than 0.60% above Base Rate until next March…)
Despite the bonus-inclusive 5.01% rate promised for June 1st, the current rate includes a 0.66% bonus for the 1st 6 months.
Personally I won't be applying via :http://www.northernrock.co.uk/html/savings/trackeronline/trackeronline.asp
Finally ING.... why are they only moving up 0.2%, I expected the full 0.25% as if rate are still too low as it is!!! >:( Also a factor one needs to take into account when investing in ING is that you lose interest while the money being paid in to ING is clearing so if you are planning on moving large sums frequently in and out of the account a current account and online savings account links together with instant transfers may be better for you.
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