N&P One Year Fixed E-Bond paying 3.15%

N&P (Norwich & Peterborough Building Society) is bringing good tidings for those looking to invest in a One Year Fixed Rate E-Bond which will mature in time for Christmas 2011.

From Thursday 2nd December, N&P's One Year Fixed E-Bond will have an interest rate of 3.15%, an increase of 0.15%. The interest rate for the Six Month Fixed Rate E-Bond is also being increased from 2.25% to 2.55%.

Gary Lacey, N&P's savings product manager, commented:  "This increase in interest rate on our Six Month and One Year E-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 E-Bond now, and this will ensure they have a bumper Christmas in 2011, with a juicy return on their cash.

"This is also a great opportunity for savvy savers who might be looking to earn some extra cash in time for their summer holidays. They can open a Six Month Fixed Rate E-Bond now, which could provide a very welcome boost to their spending money."

Investment between £1,000 and £1 million and open to new and existing customers

Six Month Fixed Rate E-Bond has an interest rate of 2.53% gross (2.02% net, 2.55% AER)

One Year Fixed Rate E-Bond has an interest rate of 3.15% gross (2.52% net, 3.15% AER)

Applications can be made online at 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

No early access or closure and no further deposits allowed

The E-Bond may be opened by new and existing customers, but funds must be new money to the Society.

For further information, visit nandp.co.uk.