Product update - Derbyshire and Dunfermline Fixed Rate Bonds and ISAs

23 October 2013

The Derbyshire and Dunfermline Building Societies, part of the Nationwide Group, are today (23 October 2013) launching new issues of their Fixed Rate Bonds and Fixed Rate Cash ISAs.

Derbyshire Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 288 paying 1.50% gross p.a./AER*
  • Fixed Rate Bond Issue 289 paying 1.70% gross p.a./AER*
  • Fixed Rate Bond Issue 290 paying 2.40% gross p.a./AER*
  • Fixed Rate ISA Issue 76 paying 1.60% AER tax-free *
  • Fixed Rate ISA Issue 77 paying 1.80% AER tax-free *
  • Fixed Rate ISA Issue 78 paying 2.40% AER tax-free *

Monthly interest options are also available for Derbyshire Fixed Rate Bonds.

All previous issues of the above Derbyshire Fixed Rate Bonds and ISA were withdrawn from sale at the close of business on 22 October 2013. Fixed Rate Bond (Issue 284) will remain unchanged.

Dunfermline Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 160 paying 1.50% gross p.a./AER*
  • Fixed Rate Bond Issue 161 paying 1.70% gross p.a./AER*
  • Fixed Rate Bond Issue 162 paying 2.40% gross p.a./AER*
  • Fixed Rate ISA Issue 67 paying 1.60% AER tax-free *
  • Fixed Rate ISA Issue 68 paying 1.80% AER tax-free *
  • Fixed Rate ISA Issue 69 paying 2.40% AER tax-free *

Monthly interest options are also available for Dunfermline Fixed Rate Bonds.

All previous issues of the above Dunfermline Fixed Rate Bonds and ISA were withdrawn from sale at the close of business on 22 October 2013.

All the accounts must be opened with a minimum of £100. All the rates noted above are for annual interest.

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

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

The net rate of interest is the interest rate payable after any income tax is deducted (if customers do pay tax)

RATES FOR DERBYSHIRE FIXED RATE BOND (ISSUE 288) AND DUNFERMLINE FIXED RATE BOND (ISSUE 160) - EFFECTIVE 23 OCTOBER 2013

Maturity AER Gross p.a. Net p.a.
£100 + 1.50% 1.35% 1.20%
Monthly AER Gross p.a. Net p.a.
£100 + 1.46% 1.45% 1.16%

Derbyshire and Dunfermline rate is fixed until 31 January 2015

Withdrawals and closures are not permitted during the term of the account.

RATES FOR DERBYSHIRE FIXED RATE BOND (ISSUE 289) AND DUNFERMLINE FIXED RATE BOND (ISSUE 161) - EFFECTIVE 23 OCTOBER 2013

Maturity AER Gross p.a. Net p.a.
£100 + 1.70% 1.70% 1.36%
Monthly AER Gross p.a. Net p.a.
£100 + 1.66% 1.65% 1.32%

Derbyshire and Dunfermline rate is fixed until 31 January 2016

Withdrawals and closures are not permitted during the term of the account.

RATES FOR DERBYSHIRE FIXED RATE BOND (ISSUE 290) AND DUNFERMLINE FIXED RATE BOND (ISSUE 162) - EFFECTIVE 23 OCTOBER 2013

Maturity AER Gross p.a. Net p.a.
£100 + 2.40% 2.40% 1.92%
Monthly AER Gross p.a. Net p.a.
£100 + 2.38% 2.35% 1.88%

Derbyshire and Dunfermline rate is fixed until 31 January 2018

Withdrawals and closures are not permitted during the term of the account.

FIXED RATE CASH ISAS

RATES FOR DERBYSHIRE FIXED RATE CASH ISA (ISSUE 76) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 67) - EFFECTIVE 23 OCTOBER 2013

Maturity AER Tax Free
£100 + 1.60% 1.60%

Derbyshire and Dunfermline rate is fixed until 31 January 2015

RATES FOR DERBYSHIRE FIXED RATE CASH ISA (ISSUE 77) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 68)- EFFECTIVE 23 OCTOBER 2013

Maturity AER Tax Free
£100 + 1.80% 1.80%

Derbyshire and Dunfermline rate is fixed until 31 January 2016

RATES FOR DERBYSHIRE FIXED RATE CASH ISA (ISSUE 78) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 69)- EFFECTIVE 23 OCTOBER 2013

Maturity AER Tax Free
£100 + 2.40% 2.40%

Derbyshire and Dunfermline rate is fixed until 31 January 2018

Early access charges – Derbyshire Building Society
Issue 76 Issue 77 Issue 78
 Loss of interest 60 days  180 days  320 days 

Early access charges – Derbyshire Building Society
Issue 67 Issue 68 Issue 69
 Loss of interest 90 days  180 days  320 days 

The account can be closed or transferred prior to maturity, subject to the number of days loss of interest which applies to the account as detailed above. These early access charges will not apply during the cancellation period or on death of an account holder.

The Derbyshire and Dunfermline 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.