Norwich & Peterborough Building Society has announced an increase in savings interest rates on its fixed-rate savings bonds and individual savings accounts (Isas).
The savings provider has increased the savings interest rate on both its one-year savings bond and the two-year deal to offer an annual equivalent rate (AER) of the 4.75 per cent.
"Our research shows that 4.75 per cent is probably the best rate available for a one- or two-year fixed-rate bond on the high street," comments the savings provider's Gary Lacey, the group product manager.
What is more, a savings interest rate increase of 4.55 per cent AER now applies to the society's fixed-rate mini cash Isa and Tessa-only Isa.
In order to open a fixed-rate savings bond at the building society customers are required to make an initial investment of at least £1,000.
Savings interest on the one-year savings bond can be taken every month or upon maturity of the savings bond.
At the end of the fixed-rate period, the balance of the savings bond will be transferred to the savings provider's Elite Interest savings account.
Society increases savings interest rates
Society increases savings interest rates
Thu, 02 Mar 2006
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