3-yr fixed rate e-bond gets rate increase | Product News - Moneyfacts

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3-yr fixed rate e-bond gets rate increase

3-yr fixed rate e-bond gets rate increase

Category: Savings
Date: 02/12/2014

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 It is now over 6 months old so the content may be out of date.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 Building Society has reviewed its savings offerings and boosted the rate of its three-year e-bond by 0.10%, pushing it into the top 10 of its sector.


The basics…

3 Year Fixed Rate E-Bond now has a competitive rate of 2.40% yearly, securing it a spot in the Moneyfacts charts.


The finer details…

This e-bond can be opened by post or online with an initial deposit of £1,000, but it must then be managed online.

Like many other fixed rate deals, this account does not allow early access to funds or further additions. Investors must therefore be happy with the amount they invest and the length of the three-year term.

A branch and postal-operated version of this bond paying the same rate is also available.


Why we like it…

Thanks to the rate boost, this deal has moved safely into the top 10 of its sector. Although further additions and early access to funds is not permitted, the competitive rate and the option of having a branch and postal-operated version offer savers an attractive deal.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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