Derbyshire unveils new issue of NetSaver account paying 2.95% gross p.a./AER

15 February 2012

A new issue of the NetSaver account has been launched today by the Derbyshire Building Society, which is part of the Nationwide Group.

Derbyshire NetSaver – Issue 3 is an easy access account offering a competitive rate of 2.95% gross p.a./AER*. This includes an introductory bonus of 1.95% that is fixed until 30 June 2013.

Available online via the Derbyshire Building Society website, Derbyshire NetSaver – Issue 3 could be the ideal option for those people who like to save online. Interest is paid annually on 30 June, commencing 2012 and is credited to the account.

Derbyshire NetSaver – Issue 3

Availability

Online

Withdrawals

Without notice or loss of interest

Min. opening balance

£1,000

Min. operating balance

£1

Max. balance

£1 million

Darren Bailey, Head of Products at Derbyshire Building Society, said: “The competitive rate on Derbyshire NetSaver is great news for savers. It gives them the chance of a good return on their savings while also providing a haven to those who have used their full cash ISA allowance but have additional money to save.

“What’s more, Derbyshire NetSaver is ideal for savers who prefer to manage their savings online and have easy access to those funds.”

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).

Applications are required for all products. Further details of terms and conditions available on request.

Derbyshire NetSaver – Issue 3

RATES FOR DERBYSHIRE NETSAVER - ISSUE 3, EFFECTIVE 15 FEBRUARY 2012

Gross p.a./AER

Gross p.a./AER*
Including bonus

Net p.a. including bonus

Fixed bonus rate paid until 30/06/13

£1+

1.00% (variable)

2.95%

2.36%

1.95%

After 30 June 2013, a rate of 1.00% 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.