moneylover:
has been discussed in great detail over on MoneySavingExpert in their Saving and Investment Forum. Its a good deal because you can take your money out anytime which you cannot normally do without penalty with other fixed rate bonds. So its a savings account really. And the government is guaranteeing the public's funds in Northern Rock - all of your savings not just up to £35000 which is the FSA guarantee. And, when they stop guaranteeing (which wont be for a while) they will give 3 months notice and you could take your money out!
The government are habitual liars, and say anything to calm the situation. There is nothing in writing regarding the guarantee, only a liars word.