Product Update

5 August 2013


From 6 August 2013, Nationwide, Cheshire, Derbyshire and Dunfermline Building Societies are increasing the interest rates on their Treasurers’ accounts for small clubs, charities and societies.


Nationwide Building Society is changing the interest rate on the following product:


  • Treasurer’s Trust – this has increased to 0.25% gross p.a./AER* (variable)

Cheshire Building Society is changing the interest rates on the following products:


  • Club Class – this will increase to 0.25% gross p.a./AER (variable)
  • Client Deposit - this will increase to 0.25% gross p.a./AER (variable)

Derbyshire Building Society is changing the interest rates on the following products:


  • Six Month Deposit - this will increase to 0.25% gross p.a./AER (variable)
  • 28 Day Deposit - this will increase to 0.25% gross p.a./AER (variable)
  • Instant Deposit - this will increase to 0.25% gross p.a./AER (variable)

Dunfermline Building Society is changing the interest rates on the following products:


  • AVC – this will increase to 0.25% gross p.a./AER (variable)
  • Deposit - this will increase to 0.25% gross p.a./AER (variable)
  • Treasurers Deposit - this will increase to 0.25% gross p.a./AER (variable)
  • Gold Deposit - this will increase to 0.25% gross p.a./AER (variable)
  • Charities Deposit - this will increase to 0.25% gross p.a./AER (variable)
  • Platinum Deposit - this will increase to 0.25% gross p.a./AER (variable)

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 a customer pays tax).

The net rate of interest is the interest rate payable after any income tax is deducted (if a customer pays tax).

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.