Cheshire, Derbyshire and Dunfermline increase bond rates

Societies launch new two and three-year bonds for maturing customers

03 August 2012

From today, 3 August 2012, Cheshire, Derbyshire and Dunfermline Building Societies, part of the Nationwide Group, are increasing selected bond rates by up to 0.20% and launching new two and three-year fixed rate bonds for maturing customers.

Cheshire Building Society

The new issues being launched are:

  • Six-month Fixed Rate Bond paying between 2.01% and 2.26% AER* (2.00% and 2.25% gross p.a.)
  • One-year Fixed Rate Bond paying between 2.45% and 2.70% gross p.a./AER*
  • Two-year Fixed Rate Bond paying between 2.65% and 2.90% gross p.a./AER* (for maturing Fixed Rate Bond customers only)
  • Three-year Fixed Rate Bond paying between 2.85% and 3.00% gross p.a./AER* (for maturing Fixed Rate Bond customers only)

Previous issues were withdrawn from sale at the close of business on Thursday 2 August 2012.

Derbyshire Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 251 paying between 2.01% and 2.26% AER* (2.00% and 2.25% gross p.a.)
  • Fixed Rate Bond Issue 252 paying between 2.45% and 2.70% gross p.a./AER*
  • Fixed Rate Bond Issue 253 paying between 2.65% and 2.90% gross p.a./AER* (for maturing Fixed Rate Bond customers only)
  • Fixed Rate Bond Issue 254 paying between 2.85% and 3.00% gross p.a./AER* (for maturing Fixed Rate Bond customers only)

Previous issues were withdrawn from sale at the close of business on Thursday 2 August 2012.

Dunfermline Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 124 paying between 2.01% and 2.26% AER* (2.00% and 2.25% gross p.a.)
  • Fixed Rate Bond Issue 125 paying between 2.45% and 2.70% gross p.a./AER*
  • Fixed Rate Bond Issue 126 paying between 2.65% and 2.90% gross p.a./AER* (for maturing Fixed Rate Bond customers only)
  • Fixed Rate Bond Issue 127 paying between 2.85% and 3.00% gross p.a./AER* (for maturing Fixed Rate Bond customers only)

Previous issues were withdrawn from sale at the close of business on Thursday 2 August 2012.

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

Darren Bailey, head of savings pricing at the Cheshire, Derbyshire and Dunfermline Building Societies, said: “The interest rate increases on our six-month and one-year products is good news for savers who are looking to make the most of their savings.  In the current climate, it is important to cater for a variety of savings needs, which is why the Cheshire, Dunfermline and Derbyshire Building Societies offer a range of Fixed Rate Bonds over a variety of terms from six-months to three-years.”

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

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

Fixed Rate Bonds:

  • The products may be withdrawn without notice.
  • No part withdrawals allowed.

Details of the rates on all Cheshire, Dunfermline and Derbyshire Fixed Rate Bonds are below:

Correct on Friday 3 August 2012

Annual
Cheshire six-month Fixed Rate Bond
Derbyshire Fixed Rate Bond (Issue 251)**
Dunfermline Fixed Rate Bond
(Issue 124)**
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
Cheshire six-month Fixed Rate Bond
Derbyshire Fixed Rate Bond (Issue 251)**
Dunfermline Fixed Rate Bond
(Issue 124)**
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 28.02.2013

Annual
Cheshire one-year Fixed Rate Bond
Derbyshire Fixed Rate Bond (Issue 252)***
Dunfermline Fixed Rate Bond
(Issue 125)***
AER Gross p.a. Net p.a.
£50,000+ 2.70% 2.70% 2.16%
£25,000 - £49,999 2.60% 2.60% 2.08%
£10,000 - £24,999 2.50% 2.50% 2.00%
£100 - £9,999 2.45% 2.45% 1.96%
Monthly
Cheshire one-year Fixed Rate Bond
Derbyshire Fixed Rate Bond (Issue 252)***
Dunfermline Fixed Rate Bond
(Issue 125)***
AER Gross p.a. Net p.a.
£50,000+ 2.68% 2.65% 2.12%
£25,000 - £49,999 2.58% 2.55% 2.04%
£10,000 - £24,999 2.48% 2.45% 1.96%
£100 - £9,999 2.43% 2.40% 1.92%

*** Fixed until 31.08.2013

Annual (for maturing fixed rate customers only)
Cheshire one-year Fixed Rate Bond
Derbyshire Fixed Rate Bond (Issue 253)****
Dunfermline Fixed Rate Bond
(Issue 126)****
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 (for maturing fixed rate customers only)
Cheshire one-year Fixed Rate Bond
Derbyshire Fixed Rate Bond (Issue 253)****
Dunfermline Fixed Rate Bond
(Issue 126)****
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 31.08.2014

Annual (for maturing fixed rate customers only)
Cheshire one-year Fixed Rate Bond
Derbyshire Fixed Rate Bond (Issue 254)*****
Dunfermline Fixed Rate Bond
(Issue 127)*****
AER Gross p.a. Net p.a.
£25,000 + 3.00% 3.00% 2.40%
£10,000 - £24,999 2.90% 2.90% 2.32%
£100 - £9,999 2.85% 2.85% 2.28%
Monthly (for maturing fixed rate customers only)
Cheshire one-year Fixed Rate Bond
Derbyshire Fixed Rate Bond (Issue 254)*****
Dunfermline Fixed Rate Bond
(Issue 127)*****
AER Gross p.a. Net p.a.
£25,000 + 2.99% 2.95% 2.36%
£10,000 - £24,999 2.89% 2.85% 2.28%
£100 - £9,999 2.84% 2.80% 2.24%

***** Fixed until 31.08.2015

Notes to editors:

The Cheshire, Dunfermline and Derbyshire 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.