Product Update - New Issue of Derbyshire NetSaver

14 December 2012

Derbyshire Building Society, part of the Nationwide Group, is today (Friday 14 December) launching Derbyshire NetSaver – Issue 10. The account pays 2.00% gross p.a./AER* (variable), including a fixed bonus until 31 March 2014.

Available online via the Derbyshire Building Society website, interest on the Derbyshire NetSaver – Issue 10 is paid annually on 31 March commencing 2013 and is credited to the account. The minimum opening balance is £1,000 with a maximum balance of £5 million.

Derbyshire NetSaver – Issue 10
Availability Online
Withdrawals Minimum £10 without notice or loss of interest
Min. opening balance £1,000
Min. operating balance £1
Max. balance £5 million

Notes to editors:

*AER stands for Annual Equivalent Rate which illustrates what the interest rate would be if interest was paid and compounded each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if a customer pays tax) and the net rate of interest is the interest payable after any income tax is deducted (if a customer pays tax).

This is a limited offer and can be withdrawn at any time.


Gross p.a./AER*
Excluding bonus
Gross p.a./AER*
Including bonus
Net p.a. including bonus Fixed bonus rate paid until 31/03/14
£1+ 0.50% (variable) 2.00% 1.60% 1.50%

After 31 March 2014, a rate of 0.50% gross p.a./AER* (variable) is paid.

The Derbyshire Building Society is a Trading Division of Nationwide Building Society.

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