Other Useful Info

Cash ISA Transfer Form

You can transfer a Cash ISA held with another provider to N&P. Find out more

GOLD CASH ISA

Part or our EXCLUSIVE SPRING DEALS offer, this Gold Cash ISA is available to you when you move your current account to N&P and pay in £500 each month. When you do move your current account, we reward you with a  2% tax free bonus so you would earn 2.5% in total.

IT'S EASY TO START SAVING TAX-FREE

  • Save from £10 - £5,100 each tax year

  • Available for 2010/2011 Cash ISA tax year subscriptions only

  • No tax on your interest

  • Open your account in branch or by post (account cannot be opened online)

  • New money only. Transfers from other N&P accounts not allowed.

  • ISA transfers from other providers not accepted, except where 2010/2011 subscriptions are transferred

  • There are no charges for having a Gold Cash ISA

WATCH YOUR HARD-EARNED MONEY GROW 

  • Exclusive rate for new Gold Current Account customers

  • Earn 2% bonus for the first 12 months (provided £500 has been credited to your Gold Current Account for at least 10 out of the 12 months.)

  • Run your account in branch or by post

  • No notice for withdrawals and no loss of interest for withdrawals

  • Interest paid annually. Bonus paid on first anniversary of ISA account open date

COULD BE IDEAL IF YOU…

  • Don't want to pay a penny in tax on your interest 

  • Want a risk-free way to save

  • Want to open a Gold Current Account with N&P

Current Rates
Account balance Gross Net AER
£5,100 (includes first year bonus) 2.50% 0.00% 2.50%

Current rates effective from 06/04/2010

* Interest in a Cash ISA will be paid tax-free, without the deduction of income tax.

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

** 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%.

How can I open a Gold Cash ISA?

It's easy.

You can open a Gold Cash ISA by calling into any branch or you can download the application form and send it in with a cheque, together with your Gold Current Account application form, to:

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

You can then save by paying into your Gold Cash ISA at any branch or sending cheques to the address above.

Remember - when you pay a cheque into your account, don't make the cheque out simply to N&P. You should include details about the account or the person you're paying the money 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.

You can also arrange a standing order with your bank or building society for regular payments to be made into your Gold Cash ISA, or you can transfer money into your Gold Cash ISA at any time. Just quote your Gold Cash ISA number and sort code.

Please note that the Gold Cash ISA is available for 2010/2011 tax subscription only.

Can I transfer existing ISA balances into a Gold Cash ISA?

No. Gold Cash ISA is exclusive to 2010/2011 tax year subscriptions only. The only exception is where 2010/2011 subscriptions are transferred from another provider.

Can I transfer existing N&P savings into my Gold Cash ISA?
No. Deposits into Gold Cash ISA must be from an account not currently held with N&P.
What are the conditions for the bonus payment on Gold Cash ISA?

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

The bonus will only be paid when you have also opened a new Gold Current Account and have made credits into your Gold Current Account of £500 or more for at least 10 of the 12 months during the year since Gold Cash ISA opening.

Do I become a member of N&P when I open a Gold Cash ISA?

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?

Unfortunately, ISA's cannot be opened in joint names.

The tax benefits of a Gold Cash ISA only apply to an individual person.

What are the rules on withdrawals?

You can take money out of your Gold Cash ISA without notice or loss of interest. However, once the maximum subscription has been made, withdrawn funds cannot be replaced.

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 on 6th April each year (unless otherwise stated).

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

The bonus will be paid on the anniversary of the ISA account opening date.

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.

Can I manage my account online?

Yes you can, subject to you being 16 years old or over.

Online you are able to:

  • View up-to-the-minute balances on all your N&P savings and current accounts whenever you like.
  • Check all payments and withdrawals on your account.
  • Set up and cancel payments.
  • Transfer funds between your N&P accounts.
  • Send and receive secure email messages about your account.

To manage your account online you'll need to register for our online banking facility, just download an application form, fill it in, and send it to:

Norwich and Peterborough Building Society
Online Banking Applications
Peterborough Business Park
Lynch Wood
Peterborough
PE2 6WZ

The maximum amount you can withdraw online is £10,000 per day.

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.

View All Frequently Asked Questions

HOW DOES IT WORK?

  • When you open a Gold Cash ISA, you must also open a new Gold Current Account.
  • To earn the 2% bonus in year one, you just need to credit your Gold Current Account with £500 or more in at least 10 out of the 12 months. Credits into the Gold Current Account must be from an account not currently held with N&P.

INTEREST

  • Interest on your savings is paid annually (paid on 6th April) back to your account

  • The 2% bonus will be paid on the anniversary of the ISA account opening open date and paid back to the account.

NO CHARGES

  • There are no charges with a Gold Cash ISA.

WITHDRAWALS

  • You can take your money out whenever you like, with no notice or loss of interest.

MINIMUM / MAXIMUM SUBSCRIPTION

  • The minimum balance is £10 and the maximum subscription you can have in your account is £5,100 in the 2010/2011 tax year.

WHAT HAPPENS AFTER THE FIRST 12 MONTHS?

  • After your bonus is paid on the anniversary of the ISA account opening date, your account will continue and you will earn the rate minus the bonus.
  • Gold Cash ISA is restricted to ISA subscriptions in the 2010/2011 tax year only. Any subscriptions the customer might wish to make after 5th April 2011, must be paid to another 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.

Key Product Information
Summary Box
Key Product Information for our Gold Cash ISA
Account Name Gold Cash ISA
Interest rates (GROSS/AERs) Variable rate.
Variable rate. Rate will be no lower than 1% below Bank Base Rate. Please see separate ISA rate insert for current rate.
Tax Status Interest is paid tax-free.
Conditions for bonus payments A bonus will be paid on the 12 month anniversary of the ISA account opening provided you have paid at least £500 into your Gold Current Account in at least 10 out of the 12 months since the ISA was opened. The bonus will be calculated on the average daily balance and paid back to the account. If the Gold Cash ISA 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. The bonus will be paid whether the customer opens a single name or joint named Gold Current Account.
Withdrawal arrangements Easy access without notice or loss of interest.
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 ISA Brochure.