Norwich & Peterborough Increases Interest Rates On Savings Accounts

Norwich & Peterborough Building Society has increased the interest rates on its One Year Fixed Rate Bond and One Year E-Bond.

Both the One Year Fixed Rate Bond and E-Bond savings accounts have an interest rate of 3% AER (2.40% net).

A minimum investment of £1,000 is required, and a maximum of £1 million and no further deposits are allowed after the opening balance.

Gary Lacey, N&P’s savings product manager, commented:  “This increase in interest rate on our one year Bonds is good news for savers.

Christmas is just around the corner, but for those savers who are particularly organised, they can open a one year Fixed Rate Bond or E-Bond now, and this will ensure they have a bumper Christmas in 2011, with a juicy return on their cash.”

These savings accounts are available for a limited and applications can be made online at www.nandp.co.uk/savings/fixed-rate-savings, or by printing an application form from the website and sending it to N&P with a cheque.

N&P is the UK’s 9th largest building society with over 40 branches and assets of £4.2 billion.

As N&P suggests on their website these accounts could be ideal for you if

• You like to know exactly what your savings are earning
• Are happy to tie your money up for a better rate
• Use your savings to boost your monthly income