ISA rate increase from N&P is music to savers’ ear

Category: Savings
Date: 2/26/2010

Norwich & Peterborough BS has increased the rate of its 1 Year Fixed Rate Cash ISA by 0.30% to 2.80%.

All other terms and conditions remain unchanged.

This rate hike is welcome news for investors looking to fix the return on their tax free allowance. At 2.80% it sits within the top ten of the popular one year fixed market.

The ability to transfer previous years' ISAs and early access, albeit on loss of 120 days' interest, will add to its appeal.

Four out of five Moneyfacts stars have been awarded.

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