Apr 18 2006
Norwich and Peterborough Building Society (N&P) is increasing the rates on its six month and one year fixed rate bonds.
Savers who can spare £1,000 for six months can now take advantage of a fixed rate bond offering 4.55 per cent gross interest, up from 4.30 per cent and an average monthly increase of 24 per cent.
For those with £1,000 who can hold out for at least a year, they can enjoy a fixed rate of 4.65 per cent (up from 4.60 per cent) with N&P's one year fixed rate bond.
Leaving at least £1,000 in the bond, withdrawals without notice only incur 30 days' loss of interest for the six month bond and 50 days' loss of interest with the One Year Bond.
Investors can open more than one bond and interest is paid monthly or on maturity for the six month version or annually for the one year bond.
