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Norwich & Peterborough BS - 6 Month E-Bond paying 3.05% AER (£1,000 minimum)
Norwich & Peterborough BS - 6 Month E-Bond paying 3.05% AER (£1,000 minimum)

Norwich & Peterborough BS - 6 Month E-Bond paying 3.05% AER (£1,000 minimum)

Looking to tuck your money away until the election's been and gone? This seems an ideal short-term investment and I haven't been able to find a better rate for such a short period. Minimum investment is £1,000 and it must be new money. These rates don't normally last too long so my advice would be get in quick.

12 Comments

interest only over 1.5% then for the year.

i'm sure this could be beaten easy enough, although i can't be bothered looking.

scales23;8113304

interest only over 1.5% then for the year.i'm sure this could be beaten … interest only over 1.5% then for the year.i'm sure this could be beaten easy enough, although i can't be bothered looking.



No it is 3.05% for the year which means will earn 1.525% in the next 6 months

No it's 1.5% for 6 months ,which is the equivalent annualized rate of 3.05%.If after 6 months you then take the money and stash in a baked bean then your annualised return would indeed be 1.5% for the year

EDIT beat me to it steve!

Yes I did but you explained it better :thumbsup:

Original Poster

scales23;8113304

I'm sure this could be beaten easy enough, although i can't be bothered … I'm sure this could be beaten easy enough, although i can't be bothered looking.



Thanks for that pointless throw-away statement. It probably would have been more use if you 'couldn't have been bothered' to comment at all. :x

whitbyfish;8113377

No it's 1.5% for 6 months ,which is the equivalent annualized rate of … No it's 1.5% for 6 months ,which is the equivalent annualized rate of 3.05%.If after 6 months you then take the money and stash in a baked bean then your annualised return would indeed be 1.5% for the yearEDIT beat me to it steve!



So a £1000 investment would only give you £15 return in interest over 6 months? £2.50 a month interest?

cicobuff;8113505

So a £1000 investment would only give you £15 return in interest over 6 m … So a £1000 investment would only give you £15 return in interest over 6 months? £2.50 a month interest?



Yes which equates to £30 a year hence this bond matches current 3% 1 year bonds but with the flexibility of being only tied in for 6 months and if rates increase can then get a new bond then and it will equate to more interest being earned. However if the best payers are still 3% for 1 year in 6 months time and then get 1 of them and then the rates rise between months 12 and 18 from now then you may lose out

Original Poster

cicobuff;8113505

So a £1000 investment would only give you £15 return in interest over 6 m … So a £1000 investment would only give you £15 return in interest over 6 months? £2.50 a month interest?



You'll actually get £12 after Mr Darling's taken his 20% :-(

joe public;8113551

You'll actually get £12 after Mr Darling's taken his 20% :-(



It's actually £12.20

what a waste of time saving is these days

I'd rather "invest" a few quid in a bunch of flowers. I reckon I'd get more than £15 back in kind :thumbsup:

dannyschuster;8114222

I'd rather "invest" a few quid in a bunch of flowers. I reckon I'd get … I'd rather "invest" a few quid in a bunch of flowers. I reckon I'd get more than £15 back in kind :thumbsup:



:-D
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