A FLEXIBLE WAY TO SAVE 

  • Exclusive to families with dependent children
  • Open an account with just £1
  • Earn an attractive rate
  • Save when you like
  • Save how much you like
  • Interest paid annually

GET TO YOUR MONEY QUICKLY

  • Save in branch, by post or online
  • No notice for withdrawals
  • No penalties for withdrawals
  • Access your savings with a cash card

COULD BE IDEAL IF YOU…

  • Want to save for a rainy day
  • Can't commit to saving regularly
  • May need to get to your savings quickly
Current Rates
Account balance Gross Net AER
£1 and over 1.20% 0.96% 1.20%

Definitions

* Interest will be paid gross (that is before the deduction of income tax) to persons not ordinarily resident in the UK. Otherwise interest will be paid after deduction of UK income tax at the appropriate rate.

** 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.

When will my account start earning interest?

Cheques paid into an account paying a variable rate of interest will earn interest from the second working day after the day we receive them. Cheques paid into an account paying a fixed rate of interest will earn interest from the day we receive them.

Money paid into your account in cash or by Bankers’ Automated Credit will earn interest from the day we receive it. Interest is then paid for each full day your money is invested, and will be added to your account in January each year (unless otherwise stated).

Your money will earn interest up to, but excluding, the day you withdraw it.

What are the rules on withdrawals?

You can take money out of your account at any time without notice or losing interest.

Can I move money between my accounts online?

Yes you can.

Just remember that any transfer will be subject to the withdrawal terms of the account you're taking money from.

Now and again, when carrying out online maintenance, we may have to suspend certain facilities temporarily, so if you find our online service unavailable, please be patient, and do try again later.

Can I be certain that online banking is absolutely secure?

You can with N&P.

Our online system is extremely robust. It is constantly checked by both internal and external experts. Advanced encryption technology scrambles all sensitive data to provide total confidentiality.

You are given a unique customer number and a 10-character password. When you use the service for the first time you might want to change this password for one that's more easily remembered - but don't write it down or make it too obvious, so that someone else could guess it.

Can I manage my account online?

Yes you can, subject to you being 16 years old or over.

Online you are able to:

  • View up-to-the-minute balances on all your N&P savings and current accounts whenever you like.
  • Check all payments and withdrawals on your account.
  • Set up and cancel payments.
  • Transfer funds between your N&P accounts.
  • Send and receive secure email messages about your account.

To manage your account online you'll need to register for our online banking facility, just download an application form, fill it in, and send it to:

Norwich and Peterborough Building Society
Online Banking Applications
Peterborough Business Park
Lynch Wood
Peterborough
PE2 6WZ

The maximum amount you can withdraw online is £10,000 per day.

Is N&P a member of the Financial Services Compensation Scheme?

Yes we are.

N&P is a member of the Financial Services Compensation Scheme, meaning that your money is protected to a maximum of £50,000.

What if I'm unhappy with the terms of my account?

Just tell us.

We make it our aim to do the best we can for all our customers. If within 14 day's (7 day's for all Fixed Rate Bond products) you decide that this account is not for you, we will be happy to transfer your money to another N&P account.

Or if you prefer, we will return your money to you without any charge being made, or notice being required.

MINIMUM INVESTMENT

You only need £1 to open this account.

ACCESS

You can take money out of your account at any time, without notice or losing interest.

CASH CARD

If you like, you can have a Cash Card to access your Family Easy Access savings.

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.

ACCOUNT TYPE

  • This is a payment account, please refer to the General Savings and Investment Conditions for more information.

Key Product Information
Summary Box
Key Product Information for our Family Easy Access Savings Account
Interest rates (GROSS/AERs) Variable rate.
Current interest rate: 1.20% 
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 This account can be opened in branch or by post. It can also be operated via the internet.

Read our General Savings and Investments Terms and Conditions.

Read our Savings Fact Sheet.