Norwich & Peterborough Building Society

Norwich & Peterborough Building Society

May 05, 2009 07:15 ET

N&P Building Society Launches 2 Year E-Bond

PETERBOROUGH, UNITED KINGDOM--(Marketwire - May 5, 2009) - Norwich and Peterborough Building Society (N&P) launched a new two year E-Bond, on Friday 1st May.

Main Features:

- The 2 Year E-Bond is open to everyone aged over 16 with a minimum Pounds Sterling 1,000 to invest (maximum Pounds Sterling 1,000,000).

- 2 Year E-Bond is only available for money that is not currently held in an existing N&P account.

- Interest rate: 3.65% fixed for 2 years.

- Interest paid annually on 1st January and paid back to the account. Monthly interest is not available.

-- Accounts can only be opened online or by downloading an application form at www.npbs.co.uk and posting it to N&P with a cheque.

-- No additional deposits can be made into a 2 Year E-Bond once opened, although additional 2 year E-Bonds can be opened.

- No withdrawals allowed. Closure on 120 days' loss of interest.

Gary Lacey, Group Product Manager at N&P, said: "This is a very attractive rate and we don't expect our 2 Year E-Bond to be available for very long, so act fast."

Note to Editors

- This product is not available through N&P branches or the Contact Centre. Customers should log on to www.npbs.co.uk for more information and an application form.

- Accounts can be opened in single names only. Joint accounts are not allowed.

- For further information, journalists please contact N&P's Press Office on 01733 372074: Alison Rolls, AGM, head of communications. Outside office hours, please call 01733 372359 for contact numbers.

- Photos available on www.headlinemoney.co.uk

- N&P is the UK's 11th largest building society with over 50 branches and assets of Pounds Sterling 4.9 billion.

- For information on N&P, customers can call into any branch, visit www.npbs.co.uk or telephone 0800 883322.

Contact Information

  • Media enquiries please:
    Contact Centre at N&P
    0845 300 2511