N&P offers better rates

As the money market recovers Norwich and Peterborough Building Society has decided to pass on this increase to its customers.

09:26 22 June 2004

As the money market recovers the Norwich and Peterborough Building Society has decided to pass on the benefits of this to its customers.

In response to the market movement the building society has upped the interest it pays on a series of saving products.

N&P's fixed rate bonds have increased their returns to customers by around a quarter of a per cent net; its fixed rate mini cash ISA and TESSA-only ISA has increased its interest by 0.3 per cent; and its loyalty bonds have increased the interest they pay by 0.32 per cent.

These changes will take effect from June 24th.

The fixed rate and loyalty bonds both have a minimum investment of 1,000.