You are here: N&P Gibraltar > Savings > Regular Savings > Gold Savings Account
Fixed Rate Savings
Easy Access Savings
Current rates effective from 15/03/2010
You'll need to first open a Gold Current Account and when that's set up, open a Gold Savings Account
Run both accounts in branch, by post or online (account cannot be opened online)
Save from £20 to £250 a month into your Gold Savings Account
Transfer £500 or more into your Gold Current Account every month
Don't touch your savings for a full 12 months
Invest up to £3,000 over the year into your Gold Savings Account
That's it! You'll earn a fantastic 5.00% gross/AER*** on your savings
Want a great rate that's fixed for a year
Don't need access to your savings
Whether you can benefit from gross, net or tax free interest is dependent on your own personal circumstances and tax status and so may be subject to change in the future.
Read our General Savings and Investments Terms and Conditions.
Read our Savings Fact Sheet.
Your Gold Savings Account is linked to your Gold Current Account.
To get the special rate this account offers, you just have to save between £20 and £250 into your Gold Savings Account every month.
Your Gold Savings Account is limited to 12 months.
You can only ever have one Gold Savings Account.
You must save at least £20 and up to £250 each month for a full 12 months.
You also need to pay at least £500 into your Gold Current Account every month over the same period.
The maximum sum that can be invested in a Gold Savings Account is £3,000.
After the 12 months, your money will be transferred into the variable rated, easy access Instant Reserve account.
You can't make any withdrawals from your Gold Savings Account during the 12 months - that's how we are able to offer you such a great rate of interest at the end.
Interest on your savings is paid on the anniversary of the account open date.
At N&P, we understand how important it is for you to be satisfied with your savings accounts. If you open a new savings account (other than a fixed rate bond) and within 14 days of opening it or the day on which you receive the terms and conditions (whichever is the later), you decide that it does not meet your requirements, we will transfer the balance to another N&P account. This is called a 'cooling off' period. Alternatively, we will return the balance to you without any charge or notice being required. Any transfer or refund will be subject to the relevant funds having cleared. A period of at least four full Working Days, excluding the day you paid a cheque into your Account, must be allowed for cheques paid into the Account to clear. Occasionally, cheques may be returned unpaid after this period.
This cooling off period does not apply to fixed rate bonds.
If you do wish to change your mind, visit your local branch or call us on +350 200 45050.
Yorkshire Building Society
*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%. Interest will be paid gross (that is before the deduction of income tax) to non-taxpayers subject to eligibility and the required registration. Otherwise interest will be paid after deduction of income tax at the appropriate rate. Please note that gross interest can only be paid to customers aged 16 or over if they are the named account holder.
AER means Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.
Norwich & Peterborough Building Society and N&P are trading names of Yorkshire Building Society. Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Yorkshire Building Society is entered in the Financial Services Register and its registration number is 106085. Principal office of Yorkshire Building Society: Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ, England, UK.
This site is intended for Gibraltar Residents unless otherwise stated. Yorkshire Building Society is authorised to conduct banking and insurance business in Gibraltar by the Gibraltar Financial Services Commission.
All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.