N&P increases online bond rate
Norwich and Peterborough (N&P) Building Society has increased the rate of its online bond by 0.35 per cent from today (July 18th).
The 1 Year E-Bond provides savers with a return of 3.55 per cent AER on their funds, a rate the society claims is the best on the market.
Potential investments in the bond range from a minimum of £1,000 to a maximum of £1 million, while any funds must come from a non-N&P account.
Gary Lacey, savings manager at N&P, described the move as "good news for people who want to make their money work harder for them".
"Putting away some cash now in our market-leading 1 Year E-Bond will give these savvy savers a welcome financial boost when they see their money return with interest - just in time for summer holidays next year," he added.
There is no early access or closure during the term of the bond and no additional deposits can be made.
Use the Myfinances.co.uk comparison tables to find the best deal on a savings account
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