Norwich and Peterborough Building Society (N&P) has announced it will be increasing its interest rates on several fixed rate savings products from Thursday, August 17th.
The rates on fixed rate bonds, loyalty bonds and fixed rate mini cash ISAs will all be subject to the rates increase.
Annual interest payment rates on the fixed rate bonds will increase by between 0.2 and 0.3 per cent gross, depending on the length of the bond and loyalty bonds will increase by 0.2 per cent gross across the board.
Fixed rate mini cash ISA customers will receive similar boosts to their interest rates, with one-year products rising from 4.7 per cent gross per annum to five per cent, while two and three-year period accounts will be 0.2 per cent better off, at 5.2 per cent gross interest per annum.
All the above accounts are subject to their own individual terms and conditions, as well as investment restrictions and limitations.To read more about investment, click here.
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