Product update: Cheshire, Derbyshire and Dunfermline Fixed Rate Bonds and ISAs

08 May 2013

The Cheshire, Derbyshire and Dunfermline Building Societies, part of the Nationwide Group, are today (8 May 2013) launching new issues of their Fixed Rate Bonds and ISAs.

Cheshire Building Society
The new issues being launched are:

    Six-month Fixed Rate Bond paying 1.25% gross p.a./AER*
    One-year Fixed Rate Bond paying 1.75% gross p.a./AER*
    Four-year Fixed Rate Bond paying 2.30% gross p.a./AER*
    One-year Fixed Rate Cash ISA paying 1.75% AER tax-free*
    Two-year Fixed Rate Cash ISA paying 2.10% AER tax-free *
    Four-year Fixed Rate Cash ISA paying 2.30% AER tax-free *

Two-year Fixed Rate Bond rate remains unchanged. All previous issues were withdrawn from sale at the close of business on Tuesday 7 May 2013.

Derbyshire Building Society
The new issues being launched are:

    Fixed Rate Bond Issue 277 paying 1.25% gross p.a./AER*
    Fixed Rate Bond Issue 278 paying 1.75% gross p.a./AER*
    Fixed Rate Bond Issue 279 paying 2.30% gross p.a./AER*
    Fixed Rate ISA Issue 67 paying 1.75% AER tax-free *
    Fixed Rate ISA Issue 68 paying 2.10% AER tax-free *
    Fixed Rate ISA Issue 69 paying 2.30% AER tax-free *

Fixed Rate Bond Issue 274 rate remains unchanged. All previous issues were withdrawn from sale at the close of business on Tuesday 7 May 2013.

Dunfermline Building Society
The new issues being launched are:

    Fixed Rate Bond Issue 150 paying 1.25% gross p.a./AER*
    Fixed Rate Bond Issue 151 paying 1.75% gross p.a./AER*
    Fixed Rate Bond Issue 152 paying 2.30% gross p.a./AER*
    Fixed Rate ISA Issue 58 paying 1.75% AER tax-free *
    Fixed Rate ISA Issue 59 paying 2.10% AER tax-free *
    Fixed Rate ISA Issue 60 paying 2.30% AER tax-free *

Fixed Rate Bond Issue 147 rate remains unchanged. All previous issues were withdrawn from sale at the close of business on Tuesday 7May 2013.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 SIX-MONTH FIXED RATE BOND, DERBYSHIRE FIXED RATE BOND (ISSUE 277) AND DUNFERMLINE FIXED RATE BOND (ISSUE 150) - EFFECTIVE 8 MAY 2013

Maturity AER Gross p.a. Net p.a.
£100 + 1.25% 1.25% 1.00%
Monthly AER Gross p.a. Net p.a.
£100 + 1.21% 1.20% 0.96%

 

Cheshire rate is fixed for six months. Derbyshire and Dunfermline rate is fixed until 31 October 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 278) AND DUNFERMLINE FIXED RATE BOND (ISSUE 151) - EFFECTIVE 8 MAY 2013

 

Annual AER Gross p.a. Net p.a.
£100 + 1.75% 1.75% 1.40%
Monthly AER Gross p.a. Net p.a.
£100 + 1.71% 1.70% 1.36%

 

Cheshire rate is fixed for one year. Derbyshire rate is fixed until 31 May 2014. Dunfermline rate is fixed until 31 August 2014.

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 279) AND DUNFERMLINE FIXED RATE BOND (ISSUE 152) - EFFECTIVE 8 MAY 2013

 

Annual AER Gross p.a. Net p.a.
£100 + 2.30% 2.30% 1.84%
Monthly AER Gross p.a. Net p.a.
£100 + 2.27% 2.25% 1.80%

 

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

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

RATES FOR CHESHIRE TWO-YEAR FIXED RATE CASH ISA, DERBYSHIRE FIXED RATE CASH ISA (ISSUE 68) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 59) - EFFECTIVE 8 MAY 2013

 

Annual interest AER Tax-free
£100 + 1.75% 1.75%

 

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

RATES FOR CHESHIRE FOUR-YEAR FIXED RATE CASH ISA, DERBYSHIRE FIXED RATE CASH ISA (ISSUE 69) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 60) - EFFECTIVE 8 MAY 2013

 

Annual interest AER Tax-free
£100 + 2.10% 2.10%

 

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

RATES FOR CHESHIRE FOUR-YEAR FIXED RATE CASH ISA, DERBYSHIRE FIXED RATE CASH ISA (ISSUE 69) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 60) - EFFECTIVE 8 MAY 2013

 

Annual interest AER Tax-free
£100 + 2.30% 2.30%

 

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

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

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