Gold Savings Account

Current Rates
Account balance Gross Net* AER**
£20 - £3,000 5.00% 4.00% 5.00%

Current rates effective from 15/03/2010

HERE'S HOW IT WORKS

  • 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

COULD BE IDEAL IF YOU

  • Want a great rate that's fixed for a year

  • Don't need access to your savings

Key Product Information
Summary Box
Key Product Information for our Gold Savings Account
Account Name Gold Savings Account
Interest rates (AERs) Fixed rate for 1 year. After 12 months, funds are transferred to the variable rated, easy access Instant Reserve account.
Please see Features & Benefits tab for current interest rate.
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 No withdrawals are allowed in the first year unless it is closed. Once funds are transferred into the variable rated, easy access Instant Reserve account, there is easy access without notice or loss of interest
Access This account can be opened and operated at any of our branches or by post. It can also be operated via the internet.

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.

HOW DOES IT WORK?

  • 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.

MINIMUM INVESTMENT

  • 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.

MAXIMUM SAVINGS

  • The maximum sum that can be invested in a Gold Savings Account is £3,000.

WHAT HAPPENS AFTER THE 12 MONTHS?

  • After the 12 months, your money will be transferred into the variable rated, easy access Instant Reserve account.

WITHDRAWALS

  • 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

  • Interest on your savings is paid on the anniversary of the account open date.

WHAT IF I CHANGE MY MIND?

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.