Interest rates increase on N&P ISAs and e-bonds

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Interest rates increase on N&P ISAs and e-bonds

Norwich & Peterborough Building Society (N&P) has raised the interest rates offered by its ISAs and e-bonds, it has announced.

Additionally, it has launched a new three-year e-bond, offering a rate of 4.3 per cent gross AER.

The bank's Fixed rate Mini Cash ISA comes with a rate of 3.05 per cent gross AER - an increase from the 2.75 previously offered - while the rate on its five-year ISA has risen from three per cent to 4.55 per cent.

"Our aim is to help our customers to be on top of money and getting a better return, even in a low interest rate environment, will definitely help," said product manager at N&P Richard Barker.

He added that the financial services provider fully expects the package to be "a best buy in its category".

N&P was formerly established in 1986 and now has a network of over 50 branches in East Anglia, Northamptonshire, Lincolnshire and Bedfordshire.

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