Product update: New issue of Derbyshire Netsaver

08 November 2013

Derbyshire Building Society, part of the Nationwide Group, is today (Friday 8 November) launching Derbyshire NetSaver – Issue 14. The account pays 1.00% gross p.a./AER* (variable), including a fixed bonus of 0.50% gross p.a/AER until 28 February 2015.

Available online via the Derbyshire Building Society website, interest on the Derbyshire NetSaver – Issue 14 is paid annually on 31 August, commencing 2014 and is credited to the account. The minimum opening balance is £1,000 with a maximum balance of £5 million. 

  Derbyshire NetSaver – Issue 14
Availability Online
Withdrawals Min. £10, easy access without notice or loss of interest
Min. opening balance £1,000
Min. operating balance £1
Max. balance £5 million

The Derbyshire NetSaver Issue 13 was withdrawn from sale at close of business on Thursday 7 November 2013.

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).

This is a limited offer and can be withdrawn at any time.


  Gross p.a./AER*
excluding bonus
Gross p.a./AER*
including bonus
Net p.a. including bonus Fixed bonus rate paid until 28/02/15
£1+ 0.50% (variable) 1.00% 0.80% 0.50%

After 28 February 2015, a rate of 0.50% gross p.a./AER* (variable) is paid.

  • The minimum opening balance is £1,000
  • The minimum operating balance is £1

The Derbyshire Building Society is a Trading Division of Nationwide Building.

Please note: If you are a customer looking for information on our products and services, please visit the main website.