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Northern Rock variable rate
epm-84
Posts: 2,741 Forumite
With Northern Rock variable rate accounts (the ISAs in particular) are they fairly good at avoiding unexpected big drops in interest rates or not?
0
Comments
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NR will give you 2 months notice of any reduction in interest rates.Did you really mean to put loose?
Lose: no longer possess, not to retain, unable to find
Loose: not firmly or tightly fixed in place0 -
With the Government about to auction NR it is unlikely to reduce its rates too much. A bank with no customers won't attract many bids!
What happens after it is sold off is anyone's guess.0
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