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N&P turns savers’ heads in an instant

N&P turns savers’ heads in an instant

Category: Savings

Updated: 10/05/2011
First Published: 10/05/2011

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 It is now over 6 months old so the content may be out of date.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 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.

Find the best savings accounts for you - Compare instant access savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.