Product Update: Cheshire, Dunfermline and Derbyshire Building Society Fixed Rate Savings Accounts

09 February 2012

The Cheshire, Dunfermline and Derbyshire Building Societies, part of the Nationwide Group, are today launching new fixed rate savings accounts.

Cheshire Building Society
The accounts being launched are:

  • Six-month Fixed Rate Bond paying between 2.15% and 2.40% gross p.a. (2.16% and 2.41% AER*). 
  • One-year Fixed Rate Bond paying between 2.65% and 2.90% gross p.a./AER*
  • Two-year Fixed Rate Bond paying between 3.05% and 3.30% gross p.a./AER*.  This account is for maturing customers only
  • One-year Fixed Rate ISA paying between 2.65% and 2.90% AER* tax-free

Cheshire’s previous range of Fixed Rate Bonds and Fixed Rate ISAs was withdrawn from sale at the close of business on Tuesday 7 February 2012

Dunfermline Building Society
The new issues being launched are:

  • Fixed Rate Bond Issue 113 paying between 2.15% and 2.40% gross p.a. (2.16% and 2.41% AER)
  • Fixed Rate Bond Issue 114 paying between 2.65% and 2.90% gross p.a./AER*
  • Fixed Rate Bond Issue 115 (for maturing customers only) paying between 3.05% and 3.30% gross p.a./AER*
  • Fixed Rate ISA Issue 39 paying between 2.75% and 3.00% AER* tax free

The previous issues of Dunfermline’s Fixed Rate Bonds, along with Fixed Rate ISA Issue 38, were withdrawn from sale at the close of business on Tuesday 7 February 2012.

Derbyshire Building Society
The new issues being launched are:

  • Fixed Rate Bond Issue 241 paying between 2.15% and 2.40% gross p.a. (2.16% and 2.41% AER*)
  • Fixed Rate Bond Issue 242 paying between 2.65% and 2.90% gross p.a./AER*
  • Fixed Rate ISA Issue 46 paying between 2.75% and 3.00% AER* tax free

The previous issues of Derbyshire’s Fixed Rate Bonds, along with Fixed Rate ISA Issue 45 were withdrawn from sale at the close of business on Tuesday 7 February 2012.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.  Monthly interest options are available on all Fixed Rate Bonds. 

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). Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

Cheshire Building Society

RATES FOR SIX-MONTH FIXED RATE BOND, EFFECTIVE 8 FEBRUARY 2012

Maturity interest AER Gross p.a. Net p.a.
£50,000+ 2.41% 2.40% 1.92%
£25,000 - £49,999 2.31% 2.30% 1.84%
£10,000 - £24,999 2.21% 2.20% 1.76%
£100 - £9,999 2.16% 2.15% 1.72%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 2.38% 2.35% 1.88%
£25,000 - £49,999 2.27% 2.25% 1.80%
£10,000 - £24,999 2.17% 2.15% 1.72%
£100 - £9,999 2.12% 2.10% 1.68%

RATES FOR ONE-YEAR FIXED RATE BOND, EFFECTIVE 8 FEBRUARY 2012

Maturity interest AER Gross p.a. Net p.a.
£50,000+ 2.90% 2.90% 2.32%
£25,000 - £49,999 2.80% 2.80% 2.24%
£10,000 - £24,999 2.70% 2.70% 2.16%
£100 - £9,999 2.65% 2.65% 2.12%
       
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 2.89% 2.85% 2.28%
£25,000 - £49,999 2.78% 2.75% 2.20%
£10,000 - £24,999 2.68% 2.65% 2.12%
£100 - £9,999 2.63% 2.60% 2.08%

RATES FOR TWO-YEAR FIXED RATE BOND, EFFECTIVE 8 FEBRUARY 2012 (FOR MATURING CUSTOMERS ONLY)

Annual interest AER Gross p.a. Net p.a.
£50,000+ 3.30% 3.30% 2.64%
£25,000 - £49,999 3.20% 3.20% 2.56%
£10,000 - £24,999 3.10% 3.10% 2.48%
£100 - £9,999 3.05% 3.05% 2.44%
   

 

 
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 3.30% 3.25% 2.60%
£25,000 - £49,999 3.20% 3.15% 2.52%
£10,000 - £24,999 3.09% 3.05% 2.44%
£100 - £9,999 3.04% 3.00% 2.40%

RATES FOR ONE-YEAR FIXED RATE ISA, EFFECTIVE 8 FEBRUARY 2012

Annual interest AER Tax-free
£50,000+ 2.90%
£25,000 - £49,999 2.80%
£10,000 - £24,999 2.70%
£100 - £9,999 2.65%

Dunfermline Building Society

RATES FOR FIXED RATE BOND ISSUE 113, EFFECTIVE 8 FEBRUARY 2012

Maturity interest AER Gross p.a. Net p.a.
£50,000+ 2.41% 2.40% 1.92%
£25,000 - £49,999 2.31% 2.30% 1.84%
£10,000 - £24,999 2.21% 2.20% 1.76%
£100 - £9,999 2.16% 2.15% 1.72%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 2.38% 2.35% 1.88%
£25,000 - £49,999 2.27% 2.25% 1.80%
£10,000 - £24,999 2.17% 2.15% 1.72%
£100 - £9,999 2.12% 2.10% 1.68%

Fixed until 31 August 2012

RATES FOR FIXED RATE BOND ISSUE 114, EFFECTIVE 8 FEBRUARY 2012

Annual interest AER Gross p.a. Net p.a.
£50,000+ 2.90% 2.90% 2.32%
£25,000 - £49,999 2.80% 2.80% 2.24%
£10,000 - £24,999 2.70% 2.70% 2.16%
£100 - £9,999 2.65% 2.65% 2.12%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 2.89% 2.85% 2.28%
£25,000 - £49,999 2.78% 2.75% 2.20%
£10,000 - £24,999 2.68% 2.65% 2.12%
£100 - £9,999 2.63% 2.60% 2.08%

Fixed until 31 March 2013

RATES FOR FIXED RATE BOND ISSUE 115 (FOR MATURING CUSTOMERS ONLY), EFFECTIVE 8 FEBRUARY 2012

Annual interest AER Gross p.a. Net p.a.
£50,000+ 3.30% 3.30% 2.64%
£25,000 - £49,999 3.20% 3.20% 2.56%
£10,000 - £24,999 3.10% 3.10% 2.48%
£100 - £9,999 3.05% 3.05% 2.44%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 3.30% 3.25% 2.60%
£25,000 - £49,999 3.20% 3.15% 2.52%
£10,000 - £24,999 3.09% 3.05% 2.44%
£100 - £9,999 3.04% 3.00% 2.40%

Fixed until 31 March 2014

RATES FOR FIXED RATE ISA ISSUE 39, EFFECTIVE 8 FEBRUARY 2012

Annual interest AER Tax-free
£50,000+ 3.00%
£25,000 - £49,999 2.90%
£10,000 - £24,999 2.80%
£100 - £9,999 2.75%

Fixed until 30 September 2013

Derbyshire Building Society

RATES FOR FIXED RATE BOND ISSUE 241, EFFECTIVE 8 FEBRUARY 2012

Maturity interest AER Gross p.a. Net p.a.
£50,000+ 2.41% 2.40% 1.92%
£25,000 - £49,999 2.31% 2.30% 1.84%
£10,000 - £24,999 2.21% 2.20% 1.76%
£100 - £9,999 2.16% 2.15% 1.72%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 2.38% 2.35% 1.88%
£25,000 - £49,999 2.27% 2.25% 1.80%
£10,000 - £24,999 2.17% 2.15% 1.72%
£100 - £9,999 2.12% 2.10% 1.68%

Fixed until 31 August 2012

RATES FOR FIXED RATE BOND ISSUE 242, EFFECTIVE 8 FEBRUARY 2012

Annual interest AER Gross p.a. Net p.a.
£50,000+ 2.90% 2.90% 2.32%
£25,000 - £49,999 2.80% 2.80% 2.24%
£10,000 - £24,999 2.70% 2.70% 2.16%
£100 - £9,999 2.65% 2.65% 2.12%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 2.89% 2.85% 2.28%
£25,000 - £49,999 2.78% 2.75% 2.20%
£10,000 - £24,999 2.68% 2.65% 2.12%
£100 - £9,999 2.63% 2.60% 2.08%

Fixed until 31 March 2013

RATES FOR FIXED RATE ISA ISSUE 46, EFFECTIVE 8 FEBRUARY 2012

Annual interest AER tax-free
£50,000+ 3.00%
£25,000 - £49,999 2.90%
£10,000 - £24,999 2.80%
£100 - £9,999 2.75%

Fixed until 30 September 2013

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

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