E-Saver (Issue 1)

The first issue of the E-Saver will only be offered for a limited time and is only available for money that is not currently held within an existing N&P account. So apply online today to make sure you catch a great rate.

We will obtain information about you from records held at a credit reference agency/agencies. They will supply us with information from the electoral roll and credit information which we will use to establish your identity.

N&P’s new E-Saver Account provides the flexibility of managing your savings online with the reassurance of an exclusive internet savings rate.

Other great benefits are:

It’s quick and easy to open an E-Saver with just £1. This must be money that is not currently saved with N&P.
Its quick and easy to apply online or alternatively apply by post.
You can make withdrawls at any time without notice or penalty.

For further product details view the specific conditions for the E-Saver or visit our Frequently Asked Questions. To view our Key Product Information.

We want to make it as easy as possible for you to apply for your E-Saver Account. You can choose which way is most convenient for you.

Current rates

Account balance	Gross*	Net**	AER***
Rates are variable. Current rates are effective from 06/11/08. 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.
Including 1.55% conditional bonus	5.80%	4.64%	5.80%
Excluding 1.55% conditional bonus	4.25%	3.04%	4.25%

If you are applying by post, send your completed application form to:

Norwich and Peterborough Building Society
FREEPOST PE 104
Peterborough
PE2 6BR

NOTE: This product is not currently available for joint applicants

E-Saver Summary

Definitions

* 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.