Other Useful Info

Internet Banking

Manage your money from home with N&P's secure, fast and covenient internet banking service. Register

EASY ACCESS TO YOUR SAVINGS

  • Save from £1 to £1 million

  • Fast, easy online access to your money

  • No notice for withdrawals

  • No loss of interest for withdrawals

  • Must be new money from a non N&P account

WATCH YOUR HARD-EARNED MONEY GROW

  • Exclusive internet rate

  • Earn 1.55% bonus for the first 12 months

  • Interest paid annually

  • Manage your account online

  • Apply online or by post

COULD BE IDEAL IF YOU…

  • Want a great rate without tying your money up

  • Like managing your account online

  • Don't have an N&P branch nearby

Current Rates
Account balance Gross rate* Net rate** AER rate***
£1 and over (including conditional 1.55% first year bonus) 2.55% 2.04% 2.55%
£1 and over (excluding conditional 1.55% first year bonus) 1.00% 0.80% 1.00%

Current rates effective from 12/02/2010

Rates are variable. Minimum investment £1, maximum £1 million. †

Conditional 1.55% bonus is payable if your account remains open for one year. Interest is paid annually on the anniversary of the account opening. Bonus paid out on anniversary of account opening calculated on the average daily balance. Account opening date is the day that the first payment is credited to your account. Any money deposited into your E-Saver must be from a non N&P account.

* Interest will be paid gross (that is before the deduction of income tax) to non-taxpayers subject to eligibility and the required registration. Otherwise interest will be paid after deduction of income tax at the appropriate rate. Please note that gross interest can only be paid to customers aged 16 or over if they are the named account holder.

** Net rates (that is after the deduction of income tax) shown are for illustrative purposes only. The interest you earn on this account will currently be taxed at the rate of 20%.

*** AER means Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.

How can I open an E-Saver (Issue 3) Account?

It's easy.

You just need to complete the online application.

You can then start saving immediately. We will give you an account number and send you an information pack. Your E-Saver (Issue 3) Account password will be sent to you separately. If you already manage your accounts online with N&P, you won't receive a further password.

You can also download the application form and send it in with a cheque to:

Norwich and Peterborough Building Society
Postal Investments Unit
FREEPOST PE 104
Peterborough
PE2 6BR

After I have opened an E-Saver (Issue 3) Account, how quickly will I need to start saving?

As soon as you can.

You must pay in at least £1 to open your E-Saver (Issue 3) Account within 30 days of the date of your application being accepted.

How do I save into the E-Saver (Issue 3) Account?

It’s up to you.

You can make regular savings, invest a lump sum, or just put away whatever you can, whenever you can.

You can arrange a standing order with your bank or building society for regular payments to be made into your E-Saver (Issue 3) Account, or you can transfer money into your E-Saver (Issue 3) Account at any time. Just quote your E-Saver (Issue 3) Account number and sort code.

What are the conditions for the bonus payment on E-Saver (Issue 3) Account?

You'll be paid a bonus for the first 12 months, paid on the first anniversary of opening your account. If the account is closed at any time other than on the anniversary date of account opening, no bonus or part bonus will be paid for that year.

Do I become a member of N&P when I open an E-Saver (Issue 3) Account?

Yes you do.

This is a share account, which makes you a member of N&P. This means you can join N&P’s general meetings and you have a vote on what’s decided in them.

Can I open a Joint Account?

Sorry, but we’re not able to provide that facility for this account at present.

Can I pay into my E-Saver (Issue 3) Account by cheque?

Only to open your account.

After that, all money must be transferred into your E-Saver (Issue 3) Account online.

Remember - when you pay a cheque into your account, don't make the cheque out simply to N&P. You should include full account details including your account number and the name of the account holder the cheque will need to be paid to. It's also important to draw a line through the unused space on the cheque so that extra information or numbers can't be added afterwards.

Can I transfer existing N&P savings into my E-Saver (Issue 3) account?

No you can't.  

The money you deposit into your E-Saver (Issue 3) account must be from an account that is not already held with N&P.

When will my account start earning interest?

Cheques paid into an account paying a variable rate of interest will earn interest from the second working day after the day we receive them. Cheques paid into an account paying a fixed rate of interest will earn interest from the day we receive them.

Money paid into your account in cash or by Bankers’ Automated Credit will earn interest from the day we receive it. Interest is then paid for each full day your money is invested, and will be added to your account in January each year (unless otherwise stated).

Your money will earn interest up to, but excluding, the day you withdraw it.

What are the rules on withdrawals?

You can take money out of your account at any time without notice or losing interest.

You can withdraw up to £10,000 per day from your E-Saver (Issue 3) account subject to the availability of cleared funds, without notice or loss of interest.  To make your withdrawal, select the 'Transfer Out' tab if transfering funds to another N&P account or select the 'Payments' tab if sending funds to an external account.

Can I move money between my accounts online?

You can transfer your E-Saver (Issue 3) money to other N&P accounts online but please remember that money deposited into E-Saver (Issue 3) must come from an account not currently held with N&P.

Now and again, when carrying out online maintenance, we may have to suspend certain facilities temporarily, so if you find our online service unavailable, please be patient, and do try again later.

How can I close my account?

To close the account, you need to send your written instructions to us by secure email.  Your account will then be closed and a cheque sent to the address we hold for you.  If you encounter difficulties please call us on 0845 300 2511.

Can I be certain that online banking is absolutely secure?

You can with N&P.

Our online system is extremely robust. It is constantly checked by both internal and external experts. Advanced encryption technology scrambles all sensitive data to provide total confidentiality.

You are given a unique customer number and a 10-character password. When you use the service for the first time you might want to change this password for one that's more easily remembered - but don't write it down or make it too obvious, so that someone else could guess it.

Is N&P a member of the Financial Services Compensation Scheme?

Yes we are.

N&P is a member of the Financial Services Compensation Scheme, meaning that your money is protected to a maximum of £50,000.

What if I'm unhappy with the terms of my account?

Just tell us.

We make it our aim to do the best we can for all our customers. If within 14 day's (7 day's for all Fixed Rate Bond products) you decide that this account is not for you, we will be happy to transfer your money to another N&P account.

Or if you prefer, we will return your money to you without any charge being made, or notice being required.

View All Frequently Asked Questions

AN EASY WAY TO MANAGE YOUR MONEY

  • Fast, easy online account to access your money.

MINIMUM BALANCE

  • To keep your account open, you need to keep a balance of at least £1.

MAXIMUM INVESTMENT

  • The most you can have in your account is £1 million.

SPECIAL BONUS

  • Your savings will earn a 1.55% bonus for the first 12 months, paid on your accounts first birthday.

EASY TRANSFERS AND WITHDRAWALS

  • You have access to your money whenever you like, without notice or loss of interest.

INTEREST

  • Interest on your savings is paid annually on the anniversary of the account opening and paid back to the account.

OUR SATISFACTION PLEDGE

  • At N&P, we understand how important it is for you to be satisfied with your investment accounts. If you open any new investment account and, within 14 days, you decide that it does not meet your requirements, we will be happy to transfer the balance to another N&P account. This is called a 'cooling off' period. Alternatively, we will return your money to you without any charge or notice being required. Any transfer or refund will be subject to the relevant funds having cleared i.e. a period of at least four days (excluding Saturdays, Sundays and public holidays) must be allowed for the clearance of deposited cheques.

ACCOUNT TYPE

  • This is a payment account, please refer to the General Savings and Investment Conditions for more information.
Key Product Information
Summary box
Key Product Information for our E-Saver (Issue 3) Savings Account(s)
Account Name E-Saver (Issue 3)
Interest rates (GROSS/AERs) Variable rate.
Please see Features & Benefits tab for current interest rate.
Tax Status Interest is paid net. Gross interest can be paid subject to eligibility and required registration.
Conditions for bonus payments There is an introductory 1.55% bonus for the first 12 months (calculated on the average daily balance) and paid back to the account on the anniversary of account opening. If the account is closed at any time other than on the anniversary date of account opening, no bonus or part bonus will be paid for that year.
Withdrawal arrangements Easy access without notice or loss of interest.
Access This account can be opened online or by post but it must be operated via the internet. An opening cheque can be sent by post but no further cheques will be accepted. 

Read our General Savings and Investments Terms and Conditions.

SPECIFIC CONDITIONS FOR E-SAVER (ISSUE 3) ACCOUNT

These are the specific conditions which apply to N&P's E-Saver (Issue 3) Account in addition to the General Conditions for savings and investments. In the event of a difference between any of these conditions and any of the General Conditions, then the specific condition will apply.

Opening and operating an E-Saver (Issue 3) Account ("Account")

  • You must be 16 years or over to open an Account.
  • An Account can be opened for a child under 16 by either their parent or guardian on a trustee basis with the child named as the beneficiary.
  • An Account can be opened and operated via N&P's web site. An Account cannot be opened or operated at any of the Society’s branches.
  • An Account can also be opened by sending the application form and opening cheque by post. However, no further cheques will be accepted, and the ongoing operation of the Account must be through N&P’s web site.
  • The Account can only be held in a sole name. Joint Accounts are not allowed.
  • The Account is a share account and is available only to personal customers who reside in the UK.
  • A customer may only open one account over the life of the product, although additional accounts can be opened on a trustee basis provided the named beneficiaries on each account are different.

Paying into your E-Saver (Issue 3) Account

You can pay in as little as £1 when you open an Account and you can save any amount you like provided that your total savings with the Society do not exceed £1 million.
E-Saver (Issue 3) is only available for money that is not currently held within an existing N&P account.

Withdrawals from and closure of your E-Saver (Issue 3) Account

  • You can take your money out (and close your Account) at any time without notice or loss of interest.
  • You can withdraw up to £10,000 per day from your E-Saver (Issue 3) Account subject to the availability of cleared funds.
  • To close the Account, you need to send your written instructions to us by secure email. If you encounter difficulties please call us on 0845 300 2511.

Interest

The rates of interest on money saved in the Account are variable, which means that they may go up or down from time to time.

Interest is paid annually on the anniverary of account opening and is paid back to the Account.

Introductory Bonus

An introductory bonus of 1.55% will be paid after the first year and is calculated on the average daily balance held in the account. This bonus will be credited to the Account on the anniversary of account opening and so will only be paid out if an Account has been held for at least one year.

DECLARATION, AGREEMENTS AND NOTIFICATIONS

Customer declaration

I wish to open an E-Saver (Issue 3) Account with Norwich and Peterborough Building Society (the "Society") and I declare that:

(a) I am the beneficial owner of the monies which will be invested in the Account and that no other person has any interest in such monies OR I am not the beneficial owner of the monies to be invested in the Account but hold them on trust (and not as nominee) for the beneficiary named in this on-line application;

(b) the monies invested will not be held by me as a bare trustee for a body corporate or for person(s) who include a body corporate;

(c) I agree to be bound by the Rules of the Society as amended from time to time (a copy of which is available on request from the Society);

(d) I have read and accept the specific conditions of the E-Saver (Issue 3) Account and the General Conditions for savings and investments. I understand and agree that in the event of a difference between any specific condition and any of the General Conditions, the specific condition will apply;

(e) I agree to be bound by the "Agreement to assign shareholders' windfalls to Charity" set out below;

(f) the total amount invested or to be deposited by me with the Society will not exceed £1,000,000.

Agreement to use Electronic Communications

I agree with the Society that it may communicate with me for all purposes (other than marketing*) using the e-mail address given by me in my application (or using such other e-mail address as I may notify to the Society and which I wish to be used for such purpose from time to time). In particular, and without limiting this agreement, I expressly agree that the Society may send me a copy of its Summary Financial Statement, Annual Auditor's Report and any other communications which it is required by law to send me, in electronic form using such e-mail address, or by notifying me at such e-mail address of where and how I may access copies thereof (where the law permits) on a web site.

* This Agreement does not relate to electronic communications sent for marketing purposes. You have already indicated whether or not you wish the Society to send you electronic communications for marketing purposes in the Data Protection section of the application. Please note that the Society can only communicate with you using a single e-mail address. Accordingly, if you advise the Society that you wish it to communicate with you at a different address than that given in your application at some point in the future, the new address will be used for all forms of electronic communication.

Agreement to assign shareholders' windfalls to Charity

Note: This Agreement does not apply to you if you have held shares in the Society at all times since 1st October 2000 or if you are in one of the other groups of people that the Society has decided should be exempt*.

1. I agree with the Society that I will assign to the selected charity my right to receive any shareholders' windfalls. I authorise the Society and any successor to pass any shareholders' windfalls directly to the selected charity (or to any other charity which the selected charity may nominate) without giving any notice to me. I understand that the selected charity will have the benefit of this Agreement, and that neither it nor the Society will release me from it or vary the terms, even if the Society decides at some stage in the future that new shareholding members generally will not be required to enter into similar agreements. I authorise the Society to give the selected charity any information about me and any account that I have with the Society (either now or in the future) but only if the selected charity reasonably needs it for any purpose arising out of this Agreement. I understand that if the Society no longer exists following a merger with another building society, this Agreement will still apply between me and the other society.

2. In this Agreement:

(a) "selected charity" means the Charities Aid Foundation or, if it ceases to be registered as a charity, any other registered charity selected by it;

(b) "shareholders' windfalls" means any benefits which I may become entitled to as a shareholding member of the Society under the terms of any future transfer of the Society's business to a successor (i.e. on a conversion or takeover). The expression "shareholders' windfalls" does not include either (i) the right to have savings in a share account with the Society replaced by savings in a deposit account with the successor or (ii) if I am in one of the groups of people that the Society has decided may keep some or all benefits*, those benefits which the Society has decided I may keep; and

(c) "successor" means any company or other corporate body to which the Society transfers its business under Section 97 of the Building Societies Act 1986 (or under any provision which amends or replaces it).

* Details of these groups and (where applicable) the benefits that may be kept are available from the Society. The number and composition of the groups may be changed from time to time but no change will apply retrospectively.

Data Protection Act 1998

How we will use the information you provide

We will obtain information about you from records held at a credit reference agency/agencies. This information will include details from the Electoral Roll to establish your identity. We will use the information that you provide to administer your account, marketing, for research and to comply with any request for information from any regulatory body. In order to prevent crime we may exchange information (both within the UK and where appropriate, overseas) with members of the N&P Group and where necessary with fraud prevention and law enforcement agencies and other organisations. You agree that after your account has closed we may continue to process your information in aggregate (so that no individuals are identified) for research and statistical analysis. You may have the right on payment of a fee to a copy of the information we hold about you if you apply to us in writing.

It is important that you give the Society accurate information.

The Society may check your details with credit reference and fraud prevention agencies. If false or inaccurate information is provided and fraud is identified, details will be passed to fraud prevention agencies to prevent fraud and money laundering.

Further details explaining how the information held by fraud prevention agencies may be used can be obtained by contacting us on 0845 300 2511.