GUARANTEED RATE OF INTEREST
As long as you keep at least £1,000 in your account throughout the 12 months, we'll give you a guaranteed return on your money.
While the balance is below the minimum investment, the interest rate payable will be the same as that payable for our Investment Share account (excluding bonus interest rates) as varied from time to time (please call 0845 300 2511 for details).
We also reserve the right to close the account if the minimum investment is not maintained.
INTEREST PAID
Interest on your savings is paid on maturity or monthly.
THE EASY WAY TO MANAGE YOUR MONEY
You can manage your 1 Year Bond in branch, by post or online.
MINIMUM INVESTMENT
To keep your account open, you need to keep a balance of at least £1,000.
MAXIMUM SAVINGS
The maximum you can invest in your 1 Year Bond is £1 million.
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 Fixed Rate Bond and, within 7 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.
Key Product Information
Summary Box
Key Product Information for our 1 Year Fixed Rate Bond |
| Account Name | Fixed Rate Bonds |
| Interest rates (GROSS/AERs) | Fixed rate for 1 year. N&P's variable rate, easy access Holding Account will apply thereafter.
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 | No bonus is payable on this account. |
| Withdrawal arrangements |
Access during the fixed rate period with the loss of a number of days interest, dependent on term.
- 6 months, 9 months, 1 year and 2 year Bonds – no early access or closure permitted during term of the Bond
- 3 year Bond – Early closure with loss equivalent to 240 days’ interest on early closure only
- 5 year Bond – Early closure with loss equivalent to 300 days’ interest on early closure only
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| Access | This account can be opened and operated at any of our branches or by post. It can also be operated via the internet. |
Read our General Savings and Investments Terms and Conditions.
Read our Savings Fact Sheet.