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

28 June 2013

The Cheshire, Derbyshire and Dunfermline Building Societies, part of the Nationwide Group, are today (28 June 2013) launching new issues of their Fixed Rate Bonds and cash ISAs.

Cheshire Building Society

The new issues being launched are:

  • Six-month Fixed Rate Bond paying 1.30% gross p.a./AER*
  • One-year Fixed Rate Bond paying 1.60% gross p.a./AER*
  • Two-year Fixed Rate Bond paying 1.70% gross p.a./AER*
  • Four-year Fixed Rate Bond paying 1.90% 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 * (Available to maturing Fixed Rate ISA customers only)
  • Four-year Fixed Rate Cash ISA paying 2.30% AER tax-free * (Available to maturing Fixed Rate ISA customers only)

All previous issues were withdrawn from sale at the close of business on Thursday 27 June 2013.

Derbyshire Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 280 paying 1.30% gross p.a./AER*
  • Fixed Rate Bond Issue 281 paying 1.60% gross p.a./AER*
  • Fixed Rate Bond Issue 282 paying 1.70% gross p.a./AER*
  • Fixed Rate Bond Issue 283 paying 1.90% gross p.a./AER*
  • Fixed Rate ISA Issue 70 paying 1.75% AER tax-free *
  • Fixed Rate ISA Issue 71 paying 2.10% AER tax-free * (Available to maturing Fixed Rate ISA customers only)
  • Fixed Rate ISA Issue 72 paying 2.30% AER tax-free * (Available to maturing Fixed Rate ISA customers only)

All previous issues were withdrawn from sale at the close of business on Thursday 27 June 2013.

Dunfermline Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 153 paying 1.30% gross p.a./AER*
  • Fixed Rate Bond Issue 154 paying 1.60% gross p.a./AER*
  • Fixed Rate Bond Issue 155 paying 1.70% gross p.a./AER*
  • Fixed Rate Bond Issue 156 paying 1.90% gross p.a./AER*
  • Fixed Rate ISA Issue 61 paying 1.75% AER tax-free *
  • Fixed Rate ISA Issue 62 paying 2.10% AER tax-free * (Available to maturing Fixed Rate ISA customers only)
  • Fixed Rate ISA Issue 63 paying 2.30% AER tax-free * (Available to maturing Fixed Rate ISA customers only)

All previous issues were withdrawn from sale at the close of business on Thursday 27 June 2013.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 280) AND DUNFERMLINE FIXED RATE BOND (ISSUE 153) - EFFECTIVE 28 JUNE 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 31 December 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 281) AND DUNFERMLINE FIXED RATE BOND (ISSUE 154) - EFFECTIVE 28 JUNE 2013

Annual AER Gross p.a. Net p.a.
£100 + 1.60% 1.60% 1.28%
Monthly AER Gross p.a. Net p.a.
£100 + 1.56% 1.55% 1.24%

Cheshire rate is fixed for one year. Derbyshire and Dunfermline rate is fixed until 31 August 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 282) AND DUNFERMLINE FIXED RATE BOND (ISSUE 155) - EFFECTIVE 28 JUNE 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 one year. Derbyshire and Dunfermline rate is fixed until 31 July 2015.

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 283) AND DUNFERMLINE FIXED RATE BOND (ISSUE 156) - EFFECTIVE 28 JUNE 2013

Annual AER Gross p.a. Net p.a.
£100 + 1.90% 1.90% 1.52%
Monthly AER Gross p.a. Net p.a.
£100 + 1.87% 1.85% 1.48%

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

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

RATES FOR CHESHIRE ONE-YEAR FIXED RATE CASH ISA, DERBYSHIRE FIXED RATE CASH ISA (ISSUE 70) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 61) - EFFECTIVE 28 JUNE 2013

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

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

RATES FOR CHESHIRE TWO-YEAR FIXED RATE CASH ISA, DERBYSHIRE FIXED RATE CASH ISA (ISSUE 71) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 62- EFFECTIVE 28 JUNE 2013

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

Available to customers with a maturing FRISA only.

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

RATES FOR CHESHIRE FOUR-YEAR FIXED RATE CASH ISA, DERBYSHIRE FIXED RATE CASH ISA (ISSUE 72) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 63) - EFFECTIVE 28 JUNE 2013

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

Available to customers with a maturing FRISA only.

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

The Cheshire, 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.