PRODUCT UPDATE: Cheshire, Dunfermline and Derbyshire Building Society fixed rate bonds

27 February 2012

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

Cheshire Building Society

The accounts being launched are:

  • Six-month Fixed Rate Bond paying between 2.00% and 2.25% gross p.a. (2.01% and 2.26% AER*)
  • One-year Fixed Rate Bond paying between 2.55% and 2.80% gross p.a./AER*
  • Two-year Fixed Rate Bond paying between 3.00% and 3.25% gross p.a./AER*. This account is for maturing fixed rate customers only.

Cheshire's previous range of Fixed Rate Bonds was withdrawn from sale at the close of business on Thursday 23 February 2012.

Dunfermline Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 116 paying between 2.00% and 2.25% gross p.a. (2.01% and 2.26% AER*)
  • Fixed Rate Bond Issue 117 paying between 2.55% and 2.80% gross p.a./AER*

The previous issues of Dunfermline's Fixed Rate Bonds were withdrawn from sale at the close of business on Thursday 23 February 2012.

Derbyshire Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 243 paying between 2.00% and 2.25% gross p.a. (2.01% and 2.26% AER*)
  • Fixed Rate Bond Issue 244 paying between 2.55% and 2.80% gross p.a./AER*

The previous issues of Derbyshire's Fixed Rate Bonds were withdrawn from sale at the close of business on Thursday 23 February 2012.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. All the rates noted above are for annual/maturity interest. Monthly interest options are also 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).

Cheshire Building Society

RATES FOR SIX-MONTH FIXED RATE BOND, EFFECTIVE 24 FEBRUARY 2012

Maturity interest AER Gross p.a. Net p.a.
£50,000+ 2.26% 2.25% 1.80%
£25,000 - £49,999 2.16% 2.15% 1.72%
£10,000 - £24,999 2.06% 2.05% 1.64%
£100 - £9,999 2.01% 2.00% 1.60%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 2.22% 2.20% 1.76%
£25,000 - £49,999 2.12% 2.10% 1.68%
£10,000 - £24,999 2.02% 2.00% 1.60%
£100 - £9,999 1.97% 1.95% 1.56%

RATES FOR ONE-YEAR FIXED RATE BOND, EFFECTIVE 24 FEBRUARY 2012

Maturity interest AER Gross p.a. Net p.a.
£50,000+ 2.80% 2.80% 2.24%
£25,000 - £49,999 2.70% 2.70% 2.16%
£10,000 - £24,999 2.60% 2.60% 2.08%
£100 - £9,999 2.55% 2.55% 2.04%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 2.78% 2.75% 2.20%
£25,000 - £49,999 2.68% 2.65% 2.12%
£10,000 - £24,999 2.58% 2.55% 2.04%
£100 - £9,999 2.53% 2.50% 2.00%

RATES FOR TWO-YEAR FIXED RATE BOND, EFFECTIVE 24 FEBRUARY 2012 (FOR MATURING FIXED RATE CUSTOMERS ONLY)

Annual interest AER Gross p.a. Net p.a.
£50,000+ 3.25% 3.25% 2.60%
£25,000 - £49,999 3.15% 3.15% 2.52%
£10,000 - £24,999 3.05% 3.05% 2.44%
£100 - £9,999 3.00% 3.00% 2.40%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 3.25% 3.20% 2.56%
£25,000 - £49,999 3.14% 3.10% 2.48%
£10,000 - £24,999 3.04% 3.00% 2.40%
£100 - £9,999 2.99% 2.95% 2.36%

Dunfermline Building Society

RATES FOR FIXED RATE BOND ISSUE 116, EFFECTIVE 24 FEBRUARY 2012

Maturity interest AER Gross p.a. Net p.a.
£50,000+ 2.26% 2.25% 1.80%
£25,000 - £49,999 2.16% 2.15% 1.72%
£10,000 - £24,999 2.06% 2.05% 1.64%
£100 - £9,999 2.01% 2.00% 1.60%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 2.22% 2.20% 1.76%
£25,000 - £49,999 2.12% 2.10% 1.68%
£10,000 - £24,999 2.02% 2.00% 1.60%
£100 - £9,999 1.97% 1.95% 1.56%

Fixed until 30 September 2012

RATES FOR FIXED RATE BOND ISSUE 117, EFFECTIVE 24 FEBRUARY 2012

Maturity interest AER Gross p.a. Net p.a.
£50,000+ 2.80% 2.80% 2.24%
£25,000 - £49,999 2.70% 2.70% 2.16%
£10,000 - £24,999 2.60% 2.60% 2.08%
£100 - £9,999 2.55% 2.55% 2.04%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 2.78% 2.75% 2.20%
£25,000 - £49,999 2.68% 2.65% 2.12%
£10,000 - £24,999 2.58% 2.55% 2.04%
£100 - £9,999 2.53% 2.50% 2.00%

Fixed until 30 April 2013

Derbyshire Building Society

RATES FOR FIXED RATE BOND ISSUE 243, EFFECTIVE 24 FEBRUARY 2012

Maturity interest AER Gross p.a. Net p.a.
£50,000+ 2.26% 2.25% 1.80%
£25,000 - £49,999 2.16% 2.15% 1.72%
£10,000 - £24,999 2.06% 2.05% 1.64%
£100 - £9,999 2.01% 2.00% 1.60%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 2.22% 2.20% 1.76%
£25,000 - £49,999 2.12% 2.10% 1.68%
£10,000 - £24,999 2.02% 2.00% 1.60%
£100 - £9,999 1.97% 1.95% 1.56%

Fixed until 30 September 2012

RATES FOR FIXED RATE BOND ISSUE 244, EFFECTIVE 24 FEBRUARY 2012

Maturity interest AER Gross p.a. Net p.a.
£50,000+ 2.80% 2.80% 2.24%
£25,000 - £49,999 2.70% 2.70% 2.16%
£10,000 - £24,999 2.60% 2.60% 2.08%
£100 - £9,999 2.55% 2.55% 2.04%
Monthly interest AER Gross p.a. Net p.a.
£50,000+ 2.78% 2.75% 2.20%
£25,000 - £49,999 2.68% 2.65% 2.12%
£10,000 - £24,999 2.58% 2.55% 2.04%
£100 - £9,999 2.53% 2.50% 2.00%

Fixed until 30 April 2013

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

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