Norwich & Peterborough Building Society has unveiled a new branch-based instant access savings account sure to turn savers' heads.
An underlying rate of 1% is guaranteed to increase in line with any movement in the base rate until the end of 2011, while a bonus of 1.25% will be paid if the account still remains open after one year.
Taken together, the overall rate of 2.25% is amongst the best currently available in the instant access market.
That there are no limits to the amount of withdrawals or deposits which can be made is also a positive.
With an offshore version of the account also available, four out of five Moneyfacts stars are richly deserved.
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