N&P 8% Regular Saver

Another headline grabber which, when looked at closely, doesn't amount to much.

"What are the minimum and maximum amounts that can be paid in?
To qualify for the 8% gross/AER3 savings rate, you need to transfer between a minimum of £20 and up to a maximum of £250 into your Gold Savings Account every month for a full 12 months. In addition, you need to pay at least £1,000 into your Gold Current Account every month for the same period."
The current account pays 2.78%AER.

Bilbo

When the OP wrote this, the Cheshire BS regular saver was available (it has since been withdrawn, probably due to oversubscription).

That also offered 8% but with none of conditions that Greycrow has referred to. It was a far better bet, but now it is not available any more, the N&P deal looks very good - if a little user unfriendly. :mad:

I

OK Ive gone for these accounts, lets say I pay in the £1000 into the gold current account by standing order is my understanding correct that I can then transfer the money out and incur no penalty to my gold savings account i.e I still get the 8% interest on the funds I transfer into this account