N&P clarifies current account interest rates for customers

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N&P clarifies current account interest rates for customers

A series of changes are being introduced for Norwich & Peterborough Building Society (N&P) Gold Classic Current Account customers, with one of these being a simpler overdraft fee structure.

According to the company's head of current accounts Ewan Edwards, the new 17.9 per cent flat rate for authorised and unauthorised overdraft use will be cheaper for clients.

He claimed the firm has listened to customer feedback in making amendments to the product, with other changes including free overseas debit card use.

"It will be particularly useful for those who travel abroad and want the flexibility and security of using their debit card instead of taking a large amount of local currency," remarked Mr Edwards.

The alterations to the N&P Gold Current Account will be effective from January 4th 2011.

This month, the firm announced an increase in the interest rate offered by its one-year fixed ebond, which now delivers a return of 3.15 per cent.

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