Norwich & Peterborough Building Society Launches New Fixed Rate Bond & Increases Bond Rates

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Norwich and Peterborough Building Society (N&P) has increased the rates on its 6 & 12 month fixed rate bonds and launched a new 9 month bond.

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These are good rates for our high street customers but won't be available for very long, so the message is act now so you don't miss out.

Gary Lacey, N&P's savings product manager, said: "These are good rates for our high street customers but won't be available for very long, so the message is act now so you don't miss out."

For further information on any products, customers should telephone 0845 300 2511, call into any branch or log onto http://www.npbs.co.uk.

Fixed rate bonds     Existing      

    New             Period Gross (%) Net (%) Gross (%) Net (%) AER (%) 6 months - annually

4.45 3.56 4.79 3.83 4.85 - monthly 4.41 3.53 4.75 3.80 4.85 9 months - annually

  • - 4.82 3.86 4.85 - monthly - - 4.75 3.80 4.85 1 year - annually

4.25 3.40 4.55 3.64 4.55 - monthly 4.17 3.34 4.46 3.57 4.55 Fixed Rate Savings Bonds

Minimum investment £1,000 Withdrawals – without notice provided at least £1,000 remains in the Bond, with 30 days' loss of interest with the Six Month Bond; 50 days' loss of interest with the Nine Month and One Year Bonds. Only one investment can be made in each Bond but more than one Bond may be opened Interest paid monthly or on maturity On maturity funds will be transferred into N&P's Holding Account

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