Prudential in savings tie-up with Northern Rock

Prudential is promoting its with-profits product range with the launch of a savings tie-up with Northern Rock. The life office is allowing Prudence Bond policyholders to combine their investment with a savings account. Under the Combination Plan, 30% is held in a Northern Rock savings account with 70% going into the with-profits bond. Interest rates on the savings element of the bond are guaranteed to be tied to 0.5% below the Bank of England base rate after an initial 12-month offer during which rates are 2% above the base rate. Minimum investment is £15,000. Further details on www.Prude...