Product update: Cheshire Fixed Rate Bonds and ISAs

14 November 2013

The Cheshire Building Society, part of the Nationwide Group, is today (13 November 2013) launching new Fixed Rate Bonds and Fixed Rate Cash ISAs.

The new accounts being launched are:

  • One-year Fixed Rate Bond paying 1.40% gross p.a./AER*
  • Two-year Fixed Rate Bond paying 1.70% gross p.a./AER*
  • One-year Fixed Rate Cash ISA paying 1.50% AER tax-free*
  • Two-year Fixed Rate Cash ISA paying 1.80% AER tax-free*

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

All other Cheshire Fixed Rate Bonds and Fixed Rate ISAs were withdrawn from sale at close of business on 12 November 2013.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 CHESHIRE ONE-YEAR FIXED RATE BOND - EFFECTIVE 13 NOVEMBER 2013

Maturity AER Gross p.a. Net p.a.
£100+ 1.40% 1.40% 1.12%
Monthly AER Gross p.a. Net p.a.
£100+ 1.36% 1.35% 1.08%

Cheshire rate is fixed for one year

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

RATES FOR CHESHIRE TWO-YEAR FIXED RATE BOND - EFFECTIVE 13 NOVEMBER 2013

Annual 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%

Cheshire rate is fixed for two years

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

RATES FOR CHESHIRE ONE-YEAR FIXED RATE CASH ISA - EFFECTIVE 13 NOVEMBER 2013

Annual interest AER Tax-free
£100+ 1.50% 1.50%

Cheshire rate is fixed for one year

RATES FOR CHESHIRE TWO-YEAR FIXED RATE CASH ISA - EFFECTIVE 13 NOVEMBER 2013

Annual interest AER Tax-free
£100+ 1.80% 1.80%

Cheshire rate is fixed for two years

Early access charges – Cheshire Building Society
One-year Fixed Rate Cash ISA Two-year Fixed Rate Cash ISA
Loss of interest 90 days 180 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 Cheshire Building Society is a 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.