Norwich and Peterborough Building Society

A FLEXIBLE WAY TO SAVE

• Save from £1- £20,000
• Lump sum, regular or one-off investments
• No notice for withdrawals
• No penalty for withdrawals

SIMPLE AND CONVENIENT  

• Transfer money quickly between accounts
• Set up automatic transfers
• Interest paid annually

COULD BE IDEAL IF YOU…

• Already hold a Gold Current Account (or want to open a Gold Current Account at the same time).
• Like the convenience of managing your money online
• Want fast, easy access to your savings
• Don't have an N&P branch nearby
  

Current rates effective from 24/03/09

Do I become a member of N&P when I open a Netmaster Gold Saver II Account? Can I open a Joint Account? When will my account start earning interest? What are the rules on withdrawals? Can I move money between my accounts online? Can I be certain that online banking is absolutely secure? Can I manage my account online? Is N&P a member of the Financial Services Compensation Scheme? What if I'm unhappy with the terms of my account?

If you have some spare cash in your Gold Current Account, put it in a NetmasterGold saver II account, and make it earn its keep.

MANAGE YOUR MONEY ONLINE

• You have access to your cash around the clock, all year round, with no loss of interest.

SAVE HOW YOU CHOOSE

• Save to suit yourself - a lump sum, as regular savings, or as and when you want.

MINIMUM BALANCE

• To keep your account open, all you need do is keep a balance of at least £1.

MAXIMUM INVESTMENT

• The most you can have in your account is £20,000.

INTEREST

• Interest on your savings is paid annually.

Our Satisfaction Pledge

At N&P, we understand how important it is for you to be satisfied with your investment accounts. If you open any new investment account and, within 14 days, you decide that it does not meet your requirements, we will be happy to transfer the balance to another N&P account. This is called a 'cooling off' period. Alternatively, we will return your money to you without any charge or notice being required. Any transfer or refund will be subject to the relevant funds having cleared i.e. a period of at least four days(excluding Saturdays, Sundays and public holidays) must be allowed for the clearance of deposited cheques.

Key Product Information

Summary Box Key Product Information for our Netmastergold Saver II account
Interest rates (GROSS/AERs)	Variable rate. Current Interest rate. 0.50% GROSS/AER (VARIABLE)
Tax Status	Interest is paid net. Gross interest can be paid subject to eligibility and required registration
Conditions for bonus payments	No bonus is payable on this account.
Withdrawal arrangements	Easy access without notice or loss of interest
Access	NetmasterGold saver II is available exclusively to Gold Current Account customers who use their account online. The account can be opened in branch or by post, but it must be operated online.

Read our General Savings and Investments Terms and Conditions.

Read our Savings Fact Sheet.

These are the specific conditions which apply to the NetmasterGold saver II Account (the “NmG saver II account”)  in addition to the General Conditions for savings and investments. In the event of a difference between any of these conditions and any of the General Conditions, then the specific condition will apply.

1.  Specific Conditions of NetmasterGold saver II account

2.  Internet Banking General Conditions

3.  Society General Conditions for savings and investments

About the NmG saver II Account

The NmG saver II account is a deposit account of the Society. You therefore will not become a shareholding member of the Society when you open your NmG saver II account.

1.  You agree to be bound by the Rules as amended from time to time.

2.  Your NmG saver II account will be opened on the date your application is accepted.

3.  The rate(s) of interest payable on money invested in the NmG saver II account are variable and may be varied at any time in accordance with the General Conditions for savings and investments.

4.  The NmG saver II account is only available to Society customers who are individuals and who will be the beneficial owner(s) of the money in the NmG saver II account. The NmG saver account is only available to customers who are registered and eligible to use the Internet Banking Service.

5.  Should you withdraw from the Internet Banking Service or have your access to the Internet Banking Service terminated by us, we will close your NmG saver II account and pay the whole of the balance in the NmG saver II account together with any interest on it at the rate or rates currently being paid (less any charges or other sums due to us) to you.

6.  Should you close your Society current account or have such account closed by us, we will close your NmG saver II account and pay the whole of the balance in the NmG saver II account together with the interest on it at the rate or rates currently being paid (less any charges or other sums due to us) to you.

7.  The NmG saver II account must not be used for business banking purposes. The overall limit for investment in the NmG saver II account is £20,000.

8.  You may only be linked to one NmG saver II account. If this is a joint account, you may not hold an additional NmG saver II account in your sole name.

9.  Money may only be transferred to and from the NmG saver II account via the Internet Banking Service and through your Society current account. Access to your NmG saver II account is only available via post.

10. Interest earned on the NmG saver II account will not be credited to any other account (except in the event of closure).

11. Statements for the NmG saver II account will only be provided online using the Internet Banking Service. You should check the transactions on your NmG saver II account frequently and let us know as soon as you can if you have any queries.