Offset Savings
If you’re looking to link your savings to your Norwich and Peterborough Offset mortgage, then choose to open a Norwich and Peterborough Offset Savings Account.
Offset Savings Account is an easy access account that is only available in conjunction with a Norwich and Peterborough offset mortgage.
Summary Box Key Product Information for our Savings Accounts |
|
| Account Name | Offset Savings Account |
| Interest rates (AERs) | No interest is paid. The balance in this account will be offset against the balance of your N&P Offset mortgage for the purposes of calculating interest on your mortgage. |
| Tax Status | No interest is paid on this account. |
| Conditions for bonus payment | No bonus is payable on this account |
| Withdrawal arrangements | Easy access without notice or penalty. |
| Access | This account can be opened and operated at any of our branches or by post. It can also be operated via the internet. |
- Minimum investment and balance £1
- Available only in conjunction with a Norwich and Peterborough offset mortgage
- Additional investments allowed at any time
- Choice of LINK cash machine or passbook
- LINK cash machine card available to customers aged 18 or over (access to over 35,000 machines in the UK and Visa/PLUS money machines worldwide) *
- Where you can use a cash card, an itemised statement showing your transactions will be sent to you on a quarterly basis
- Balance (if any) transferred to an Easy Plus account after repayment of Norwich and Peterborough Offset mortgage.
- Share account for personal customers only
* If you use your money machine card abroad, you will be charged £1.50 for each withdrawal you make.