Product update: Derbyshire and Dunfermline Fixed Rate Bonds and ISAs

08 November 2013

The Derbyshire and Dunfermline Building Societies, part of the Nationwide Group, are today (8 November 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 291 paying 1.40% gross p.a./AER*
  • Fixed Rate Bond Issue 292 paying 1.70% gross p.a./AER*
  • Fixed Rate ISA Issue 79 paying 1.50% AER tax-free *
  • Fixed Rate ISA Issue 80 paying 1.80% AER tax-free *

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

All other Derbyshire Fixed Rate Bonds and Fixed Rate ISA were withdrawn from sale at close of business on 7 November 2013.

Dunfermline Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 163 paying 1.40% gross p.a./AER*
  • Fixed Rate ISA Issue 70 paying 1.50% AER tax-free *

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

The current on-sale Dunfermline Fixed Rate Bond Issue 161 and Fixed Rate ISA Issue 68 will not be replaced and will remain unchanged.

All other Dunfermline Fixed Rate Bonds and Fixed Rate ISAs will be withdrawn from sale at the close of business on Thursday 7th November 2013.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 DERBYSHIRE FIXED RATE BOND (ISSUE 291) AND DUNFERMLINE FIXED RATE BOND (ISSUE 163) - EFFECTIVE 8 NOVEMBER 2013

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

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 292) - EFFECTIVE 8 NOVEMBER 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 rate is fixed until 31 January 2016

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

FIXED RATE CASH ISAS

RATES FOR DERBYSHIRE FIXED RATE CASH ISA (ISSUE 79) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 70) - EFFECTIVE 8 NOVEMBER 2013

Maturity AER Tax Free
£100 + 1.50% 1.50%

Derbyshire rate is fixed until 31 January 2015

RATES FOR DERBYSHIRE FIXED RATE CASH ISA (ISSUE 80) - EFFECTIVE 8 NOVEMBER 2013

Maturity AER Tax Free
£100 + 1.80% 1.80%

Derbyshire rate is fixed until 31 January 2016

Early access charges  –  Derbyshire Building Society

Issue 79 Issue 80
 Loss of interest 90 days  180 days
Early access charges – Dunfermline Building Society

Issue 70
 Loss of interest 90 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.