No strings savings account launched for N&P online savers

Norwich & Peterborough Building Society (N&P) is launching a new issue of its popular E-Saver Account, offering a competitive variable rate of 2.50% gross/2.00% net/2.50% AER.

Unlike many headline-grabbing savings products, the account doesn't carry a short-term bonus interest rate or involve complicated conditions and is suitable for savers no matter how much they'd like to set aside.  It is available to new and existing customers and can be opened with as little as £1 online.

For those who prefer to make their initial deposit by cheque, an application form for E-Saver can be downloaded online at nandp.co.uk and posted. Further deposits can be made online at any time making it the perfect home for no-fuss savings.

Gary Lacey, N&P Savings Product Manager, said:  "E-Saver is a simple, easy access account that will be available to both new and existing N&P customers who prefer to manage their savings online.  It doesn't carry a short-term bonus and it will pay a decent rate for a ‘no strings attached' online account, doing exactly what it says on the tin.  We think there will be strong demand for this very simple and straightforward account."