The savings account has a standard interest rate of 1% (variable), and an extra 1.55% bonus will be paid on the first anniversary of the account opening. Withdrawals are allowed at any time without penalty, as long as the account balance remains above £1.
The E-Saver (Issue 3) can be opened online and the opening balance transferred in, or by post, by printing an application form from via N&P's website and sending it with a cheque for the opening balance. All other transactions must be carried out online.
The account may be opened by new and existing customers but funds must be new money to the Society.
Gary Lacey, N&P's savings product manager, commented:
"Our previous two issues of E-Saver have been very popular and we expect this one to be the same. With easy access at a current rate of 2.55% gross, it's a great rate for just a minimum investment of £1, and helps us attract new customers to the Society."
Account details
- Minimum investment £1
- Variable rate of 1% gross (0.8% net) with a 1.55% bonus for the first 12 months of each account opening (so current rate of 2.55% gross (2.04%) net if the account is held for 12 months)
- Applications can be made online at www.nandp.co.uk/savings/easy-access/e-saver, or by printing an application form from the same website page and sending it to N&P with a cheque
- All other deposits and withdrawals must be carried out online
- Available to new and existing customers investing new money with N&P (i.e. money not already held in an N&P account)
