Regular Saver Account

It's easy.

Just pop into your local branch or download an application form.

You can then save by paying into your account in any branch, online, or by sending in a cheque.

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 Regular Saver Account, or you can transfer money into your Regular Saver Account at any time. Just quote your Regular Saver Account number and sort code.

Regular Saver is designed for regular savings, which means you must make a payment into your account each month and with a maximum of one withdrawal in the year to achieve the bonus element.

Interest is paid for each full day that your money is deposited in your account. You can put up to £250 in your account the day you open it which will earn a full year’s interest. Each month thereafter you can deposit up to £250 and it will earn interest every day the money is in the account up to the anniversary date when your annual interest is paid.

Eg. Account opened 1 January 2011 with the maximum £250. Interest is earned on this deposit for 365 days (a full year) before the interest is calculated and paid back to the account. If you deposit a further £250 on 1 February, it will earn 334 days interest (February to December) before the interest is calculated and paid back to the account and so on. 

You will not receive a full year's worth of interest on the total amount you deposit with us over the 12 month period (maximum £3,000).

Anything from £1 to £250 a month.

You’ll be paid a bonus on each anniversary of opening your account, as long as you have made 12 consecutive monthly payments in the account and not more than one withdrawal from it during that year. 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.

This is a share account, which makes you a member of the Yorkshire Building Society group of which N&P is a trading name. This means you can join Yorkshire Building Society’s general meetings and you have a vote on what’s decided at them as set out in the Rules of the Society.

Only one Regular Saver account can be opened per customer, so you can hold either a joint or sole account but not both.

Only one Regular Saver account can be opened per customer throughout the life of the product, so you may hold either a joint or sole account but not both. You cannot open a new Regular Saver after the fixed rate  period has ended.

You can take money out of your account at any time without notice or losing interest, although you will lose your bonus if more than one withdrawal is made per year.

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 will be added to your account annually on the anniversary of account opening.

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

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 (where withdrawals are allowed).
• Set up and cancel payments (subject to the terms and conditions of your specific account). 
• Transfer funds between your N&P accounts (subject to the terms and conditions of your specific account).
• Send and receive messages regarding your accounts.

To manage your account online you'll need to register for our online banking facility, you can apply online by clicking here.

The maximum amount you can withdraw online is £10,000 per day (subject to account balance and account terms).

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.

For more information on our Internet Banking Service please visit our Internet Banking Section.

You can contact HMRC on 0845 366 0645 or visit their website at www.hmrc.gov.uk. Alternatively, the Building Societies Association has some useful information that can be accessed by visiting www.bsa.org.uk/consumer/factsheets/tax.htm.

Interest may be paid gross (i.e. without tax being deducted) to customers who are not liable for income tax. To receive interest gross, you must complete the ‘Getting your interest with tax taken off’ (R85) Form for each of your accounts and pass these on to the provider of the accounts. R85 forms are available from any N&P branch or by calling us on 0845 300 2511.

If you want to find out if you can claim back tax that has been deducted, and how to do so, you can contact HMRC on 0845 366 7850 or visit their website at www.hmrc.gov.uk.