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Norwich and Peterborough Building Society increases bond rates

4th December 2008
By Staff Writer

Norwich and Peterborough Building Society has increased the rates on its six- and 12-month fixed rate bonds and launched a new nine-month bond.

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The minimum investment required for the fixed rate savings bonds as announced by the society is GBP1,000 and withdrawals - without notice provided at least GBP1,000 remains in the bond, with 30 days' loss of interest with the six-month bond; 50 days' loss of interest with the nine-month and one-year bonds.

Only one investment can be made in each bond but more than one bond may be opened and interest is paid monthly or on maturity. On maturity funds will be transferred into Norwich and Peterborough Building Society's holding account.

Gary Lacey, product manager of savings at Norwich and Peterborough Building Society, said: "These are good rates for our high street customers but won't be available for very long, so the message is act now so you don't miss out."

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