Product update: Cheshire, Derbyshire and Dunfermline Fixed Rate Bonds

11 March 2013

The Cheshire, Derbyshire and Dunfermline Building Societies, part of the Nationwide Group, are today (Friday 8 March) making changes to their range of Fixed Rate Bonds.

Cheshire Building Society

The rates of annual interest on balances of £100 or more are:

  • Six-month Fixed Rate Bond paying 1.30% gross p.a/AER*
  • One-year Fixed Rate Bond paying 1.85% gross p.a./AER*
  • Four-year Fixed Rate Bond paying 2.40% gross p.a./AER*

The rates on the two-year and three-year Fixed Rate Bond remain the same.

Previous issues of six-month and one-year Fixed Rate Bonds were withdrawn from sale at the close of business on Thursday 7 March 2013.

Derbyshire Building Society

The rates of annual interest on balances of £100 or more are:

  • Fixed Rate Bond Issue 272 paying 1.30% gross p.a/AER*
  • Fixed Rate Bond Issue 273 paying 1.85% gross p.a./AER*
  • Fixed Rate Bond Issue 274 paying 2.10% gross p.a./AER*
  • Fixed Rate Bond Issue 275 paying 2.25% gross p.a./AER*
  • Fixed Rate Bond Issue 276 paying 2.40% gross p.a./AER*

All previous issues were withdrawn from sale at the close of business on Thursday 7 March 2013.

Dunfermline Building Society

The rates of annual interest on balances of £100 or more are:

  • Fixed Rate Bond Issue 145 paying 1.30% gross p.a./AER*
  • Fixed Rate Bond Issue 146 paying 1.85% gross p.a./AER*
  • Fixed Rate Bond Issue 147 paying 2.10% gross p.a./AER*
  • Fixed Rate Bond Issue 148 paying 2.25% gross p.a./AER*
  • Fixed Rate Bond Issue 149 paying 2.40% gross p.a/AER*

All previous issues were withdrawn from sale at the close of business on Thursday 7 March 2013.

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

RATES FOR CHESHIRE SIX-MONTH FIXED RATE BOND, DERBYSHIRE FIXED RATE BOND (ISSUE 272) AND DUNFERMLINE FIXED RATE BOND (ISSUE 145) - EFFECTIVE 8 MARCH 2013

Maturity AER Gross p.a. Net p.a.
£100 + 1.30% 1.30% 1.04%
 
Monthly AER Gross p.a. Net p.a.
£100 + 1.26% 1.25% 1.00%

Cheshire rate is fixed for six months. Derbyshire and Dunfermline rate is fixed until 30 September 2013.

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

RATES FOR CHESHIRE ONE-YEAR FIXED RATE BOND, DERBYSHIRE FIXED RATE BOND (ISSUE 273) AND DUNFERMLINE FIXED RATE BOND (ISSUE 146) - EFFECTIVE 8 MARCH 2013

Maturity AER Gross p.a. Net p.a.
£100 + 1.85% 1.85% 1.48%
 
Monthly AER Gross p.a. Net p.a.
£100 + 1.81% 1.80% 1.44%

Cheshire rate is fixed for one year. Derbyshire and Dunfermline rate is fixed until 31 March 2014.

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

RATES FOR CHESHIRE TWO-YEAR FIXED RATE BOND, DERBYSHIRE FIXED RATE BOND (ISSUE 274) AND DUNFERMLINE FIXED RATE BOND (ISSUE 147) - EFFECTIVE 8 MARCH 2013

Maturity AER Gross p.a. Net p.a.
£100 + 2.10% 2.10% 1.68%
 
Monthly AER Gross p.a. Net p.a.
£100 + 2.07% 2.05% 1.64%

Cheshire rate is fixed for two years. Derbyshire and Dunfermline rate is fixed until 31 March 2015.

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

RATES FOR CHESHIRE THREE-YEAR FIXED RATE BOND, DERBYSHIRE FIXED RATE BOND (ISSUE 275) AND DUNFERMLINE FIXED RATE BOND (ISSUE 148) - EFFECTIVE 8 MARCH 2013

Maturity AER Gross p.a. Net p.a.
£100 + 2.25% 2.25% 1.80%
 
Monthly AER Gross p.a. Net p.a.
£100 + 2.22% 2.20% 1.76%

Cheshire rate is fixed for three years. Derbyshire and Dunfermline rate is fixed until 31 March 2016.

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

RATES FOR CHESHIRE FOUR-YEAR FIXED RATE BOND, DERBYSHIRE FIXED RATE BOND (ISSUE 276) AND DUNFERMLINE FIXED RATE BOND (ISSUE 149) - EFFECTIVE 8 MARCH 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%

Cheshire rate is fixed for four years. Derbyshire and Dunfermline rate is fixed until 31 March 2017.

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

The Cheshire, Derbyshire and Dunfermline Building Societies are Trading Divisions of Nationwide Building Society.

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