N&P 1 Year E-Bond rate increased to 3.55%

N&P (Norwich and Peterborough Building Society) is increasing the interest rate on its 1 Year E-Bond by 0.35% from Monday 18th July, providing savvy savers with a sizzling rate of 3.55% gross AER, currently the best one year rate available on the market.

Gary Lacey, savings manager at N&P said: "This is good news for people who want to make their money work harder for them.

"Putting away some cash now in our market-leading 1 Year E-Bond will give these savvy savers a welcome financial boost when they see their money return with interest - just in time for summer holidays next year."

The bond can be opened with a minimum investment of £1,000 up to a maximum of £1 million, so the greater the investment, the greater the return.

1 Year Fixed Rate Bond - Fixed rate of interest of 3.55% gross AER (2.84% net) for the one year term.

The 1 Year E-Bonds is available online at nandp.co.uk
Investment between £1,000 and £1 million
Money must be from a non-N&P account
No early access or closure permitted during the term of the bond
Accounts can be opened in single name only
Once opened, no additional deposits can be made in to the bond
Interest paid annually on maturity

For more information about Norwich & Peterborough Building Society, visit nandp.co.uk.