Product update: Cheshire, Derbyshire and Dunfermline fixed rate bonds and ISAs

12 October 2012

The Cheshire, Derbyshire and Dunfermline Building Societies, part of the Nationwide Group, are today launching new issues of their Fixed Rate Bonds and ISAs.

Cheshire Building Society

The new issues being launched are:

  • Six-month Fixed Rate Bond paying between 1.91% and 2.16% AER* (1.90% and 2.15% gross p.a.)
  • One-year Fixed Rate Bond paying between 2.35% and 2.60% gross p.a./AER*
  • Two-year Fixed Rate Bond paying between 2.50% and 2.75% gross p.a./AER* (maturing customers only)
  • Three-year Fixed Rate Bond paying between 2.75% and 3.00% gross p.a./AER* (maturing customers only)

All other bonds were withdrawn from sale at the close of business on Thursday 11 October 2012.

Derbyshire Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 256 paying between 1.91% and 2.16% AER* (1.90% and 2.15% gross p.a.)
  • Fixed Rate Bond Issue 257 paying between 2.35% and 2.60% gross p.a./AER*
  • Fixed Rate Bond Issue 258 paying between 2.50% and 2.75% gross p.a./AER* (maturing customers only)
  • Fixed Rate Bond Issue 259 paying between 2.75% and 3.00% gross p.a./AER* (maturing customers only)
  • Fixed Rate ISA Issue 52 paying between 2.50% and 2.75% AER* tax-free

Fixed Rate Bond Issues 251, 253, 254 and 255 and Fixed Rate ISA Issue 51 were withdrawn from sale at the close of business on Thursday 11 October 2012.

Dunfermline Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 129 paying between 1.91% and 2.16% AER* (1.90% and 2.15% gross p.a.)
  • Fixed Rate Bond Issue 130 paying between 2.35% and 2.60% gross p.a./AER*
  • Fixed Rate Bond Issue 131 paying between 2.50% and 2.75% gross p.a./AER* (maturing customers only)
  • Fixed Rate Bond Issue 132 paying between 2.75% and 3.00% gross p.a./AER* (maturing customers only)
  • Fixed Rate ISA Issue 45 paying between 2.50% and 2.75% AER* tax-free

Fixed Rate Bond Issues 124, 126, 127 and 128 and Fixed Rate ISA Issue 44 were withdrawn from sale at the close of business on Thursday 11 October 2012.

All the accounts must be opened with a minimum of £100. The rate paid on all of the above accounts depends on the balance of the account. All the rates noted above are for annual interest.

Notes to editors:

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

RATES FOR CHESHIRE SIX-MONTH FIXED RATE BOND, DERBYSHIRE FIXED RATE BOND (ISSUE 256) AND DUNFERMLINE FIXED RATE BOND (ISSUE 129) EFFECTIVE 12 OCTOBER 2012

Maturity AER Gross p.a. Net p.a.
£50,000+ 2.16% 2.15% 1.72%
£25,000 - £49,999 2.06% 2.05% 1.64%
£10,000 - £24,999 1.96% 1.95% 1.56%
£100 - £9,999 1.91% 1.90% 1.52%
Monthly AER Gross p.a. Net p.a.
£50,000+ 2.12% 2.10% 1.68%
£25,000 - £49,999 2.02% 2.00% 1.60%
£10,000 - £24,999 1.92% 1.90% 1.52%
£100 - £9,999 1.87% 1.85% 1.48%

Cheshire rate is fixed for six months. Derbyshire and Dunfermline rate is fixed until 30 April 2013.

Withdrawals and closures are not permitted during the term of the account.

RATES FOR CHESHIRE ONE YEAR FIXED RATE BOND, DERBYSHIRE FIXED RATE BOND (ISSUE 257) AND DUNFERMLINE FIXED RATE BOND (ISSUE 130) EFFECTIVE 12 OCTOBER 2012

Annual AER Gross p.a. Net p.a.
£50,000+ 2.60% 2.60% 2.08%
£25,000 - £49,999 2.50% 2.50% 2.00%
£10,000 - £24,999 2.40% 2.40% 1.92%
£100 - £9,999 2.35% 2.35% 1.88%
Monthly AER Gross p.a. Net p.a.
£50,000+ 2.58% 2.55% 2.04%
£25,000 - £49,999 2.48% 2.45% 1.96%
£10,000 - £24,999 2.38% 2.35% 1.88%
£100 - £9,999 2.32% 2.30% 1.84%

Cheshire rate is fixed for one year. Derbyshire and Dunfermline rate is fixed until 31 December 2013.

Withdrawals and closures are not permitted during the term of the account.

RATES FOR CHESHIRE TWO YEAR FIXED RATE BOND, DERBYSHIRE FIXED RATE BOND (ISSUE 258) AND DUNFERMLINE FIXED RATE BOND (ISSUE 131) EFFECTIVE 12 OCTOBER 2012

Annual AER Gross p.a. Net p.a.
£50,000+ 2.75% 2.75% 2.20%
£25,000 - £49,999 2.65% 2.65% 2.12%
£10,000 - £24,999 2.55% 2.55% 2.04%
£100 - £9,999 2.50% 2.50% 2.00%
Monthly AER Gross p.a. Net p.a.
£50,000+ 2.73% 2.70% 2.16%
£25,000 - £49,999 2.63% 2.60% 2.08%
£10,000 - £24,999 2.53% 2.50% 2.00%
£100 - £9,999 2.48% 2.45% 1.96%

Cheshire rate is fixed for two years. Derbyshire and Dunfermline rate is fixed until 31 October 2014.

Withdrawals and closures are not permitted during the term of the account.

RATES FOR CHESHIRE THREE YEAR FIXED RATE BOND, DERBYSHIRE FIXED RATE BOND (ISSUE 259) AND DUNFERMLINE FIXED RATE BOND (ISSUE 132) EFFECTIVE 12 OCTOBER 2012

Annual AER Gross p.a. Net p.a.
£50,000+ 3.00% 3.00% 2.40%
£25,000 - £49,999 2.90% 2.90% 2.32%
£10,000 - £24,999 2.80% 2.80% 2.24%
£100 - £9,999 2.75% 2.75% 2.20%
Monthly AER Gross p.a. Net p.a.
£50,000+ 2.99% 2.95% 2.36%
£25,000 - £49,999 2.89% 2.85% 2.28%
£10,000 - £24,999 2.78% 2.75% 2.20%
£100 - £9,999 2.73% 2.70% 2.16%

Cheshire rate is fixed for three years. Derbyshire and Dunfermline rate is fixed until 31 October 2015.

Withdrawals and closures are not permitted during the term of the account.

RATES FOR DERBYSHIRE FIXED RATE CASH ISA (ISSUE 52) AND DUNFERMLINE FIXED RATE CASH ISA (Issue 45), EFFECTIVE 12 OCTOBER 2012

Annual interest AER tax-free
£50,000+ 2.75%
£25,000 - £49,999 2.70%
£10,000 - £24,999 2.65%
£100 - £9,999 2.50%

Fixed until 31 December 2013.

The Cheshire, Derbyshire and Dunfermline Building Societies are Trading Divisions of Nationwide Building Society.

Please note: If you are a customer looking for information on our products and services, please visit the main website.