N&P increases ISA rate by 0.10% | Product News - Moneyfacts

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N&P increases ISA rate by 0.10%

N&P increases ISA rate by 0.10%

Category: ISAs
Date: 19/02/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Norwich & Peterborough has increased the rate on selected fixed rate accounts, with its three-year ISA being the most competitive of the bunch following a 0.10% boost.

The basics…

3 Year Fixed Rate Cash ISA now pays 2.00% yearly from a minimum investment of £100, ensuring it sits comfortably among the top 10 of similar accounts.

The finer details…

This account can be opened and operated in branch or by post. Further additions are not permitted, however transfers in of previous cash and stocks & shares ISAs are. Unusual for the fixed rate market, withdrawals are allowed, however this will result in the loss of 180 days' interest. The same penalty applies to transfers away from the account.

Why we like it…

The rate increase further boosts this account's competitiveness within its sector, while the option of earlier access, albeit subject to an interest penalty, will be seen as a definite plus for savers seeking flexibility, adding to its overall appeal.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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