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

16 September 2013

The Cheshire, Derbyshire and Dunfermline Building Societies, part of the Nationwide Group, are today (16 September 2013) launching new issues of their Fixed Rate Bonds and Fixed Rate Cash ISAs.

Cheshire Building Society

The new issues being launched are:

  • 18-month Fixed Rate Bond paying 1.69% AER* / 1.70% gross p.a. (fixed for 18 months)
  • Four-year Fixed Rate Bond paying 2.40% gross p.a./AER*
  • 18-month Fixed Rate Cash ISA paying 1.79% AER / 1.80% tax-free* (fixed for 18 months)
  • Four-year Fixed Rate Cash ISA paying 2.40% AER tax-free*

Monthly interest options are also available for Cheshire Fixed Rate Bonds.

Previous issues of the above Cheshire Fixed Rate Bonds and ISA were withdrawn from sale at the close of business on 15 September 2013.

Derbyshire Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 284 paying 1.30% gross p.a./AER*
  • Fixed Rate Bond Issue 285 paying 1.50% gross p.a./AER*
  • Fixed Rate Bond Issue 286 paying 1.70% gross p.a./AER*
  • Fixed Rate Bond Issue 287 paying 2.40% gross p.a./AER*
  • Fixed Rate ISA Issue 73 paying 1.60% AER tax-free*
  • Fixed Rate ISA Issue 74 paying 1.80% AER tax-free*
  • Fixed Rate ISA Issue 75 paying 2.40% AER tax-free*

Monthly interest options are also available for Derbyshire Fixed Rate Bonds.

All previous issues and other Derbyshire Fixed Rate Bonds and ISA were withdrawn from sale at the close of business on 15 September 2013.

Dunfermline Building Society

The new issues being launched are:

  • Fixed Rate Bond Issue 157 paying 1.50% gross p.a./AER*
  • Fixed Rate Bond Issue 158 paying 1.70% gross p.a./AER*
  • Fixed Rate Bond Issue 159 paying 2.40% gross p.a./AER*
  • Fixed Rate ISA Issue 64 paying 1.60% AER tax-free*
  • Fixed Rate ISA Issue 65 paying 1.80% AER tax-free*
  • Fixed Rate ISA Issue 66 paying 2.40% AER tax-free*

Monthly interest options are also available for Dunfermline Fixed Rate Bonds.

All previous issues and other Dunfermline Fixed Rate Bonds and ISA were withdrawn from sale at the close of business on 15 September 2013.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 DERBYSHIRE FIXED RATE BOND (ISSUE 284) - EFFECTIVE 16 SEPTEMBER 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%

Derbyshire rate is fixed until 31 May 2014

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

RATES FOR DERBYSHIRE FIXED RATE BOND (ISSUE 285) AND DUNFERMLINE FIXED RATE BOND (ISSUE 157) - EFFECTIVE 16 SEPTEMBER 2013

Maturity AER Gross p.a. Net p.a.
£100 + 1.50% 1.50% 1.20%
Monthly AER Gross p.a. Net p.a.
£100 + 1.46% 1.45% 1.16%

Derbyshire and Dunfermline rate is fixed until 30 September 2014

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

RATES FOR CHESHIRE 18-MONTH FIXED RATE BOND - EFFECTIVE 16 SEPTEMBER 2013

Annual AER Gross p.a. Net p.a.
£100 + 1.69% 1.70% 1.36%
Monthly AER Gross p.a. Net p.a.
£100 + 1.64% 1.65% 1.32%

Cheshire rate is fixed for 18 months.

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

RATES FOR DERBYSHIRE FIXED RATE BOND (ISSUE 286) AND DUNFERMLINE FIXED RATE BOND (ISSUE 158) - EFFECTIVE 16 SEPTEMBER 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%

Derbyshire and Dunfermline rate is fixed until 30 November 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 287) AND DUNFERMLINE FIXED RATE BOND (ISSUE 159) - EFFECTIVE 16 SEPTEMBER 2013

Annual 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 30 November 2017

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

RATES FOR DERBYSHIRE FIXED RATE CASH ISA (ISSUE 73) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 64) - EFFECTIVE 16 SEPTEMBER 2013

Annual interest AER Tax-free
£100 + 1.60% 1.60%

Derbyshire and Dunfermline rate is fixed until 30 September 2014

RATES FOR CHESHIRE 18-MONTH FIXED RATE CASH ISA - EFFECTIVE 16 SEPTEMBER 2013

Annual interest AER Tax-free
£100 + 1.79% 1.80%

Cheshire rate is fixed for 18 months.

RATES FOR DERBYSHIRE FIXED RATE CASH ISA (ISSUE 74) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 65 - EFFECTIVE 16 SEPTEMBER 2013

Annual interest AER Tax-free
£100 + 1.80% 1.80%

Derbyshire and Dunfermline rate is fixed until 30 November 2015

RATES FOR CHESHIRE FOUR-YEAR FIXED RATE CASH ISA, DERBYSHIRE FIXED RATE CASH ISA (ISSUE 75) AND DUNFERMLINE FIXED RATE CASH ISA (ISSUE 66- EFFECTIVE 16 SEPTEMBER 2013

Annual interest AER Tax-free
£100 + 2.40% 2.40%

Cheshire rate is fixed for four years. Derbyshire and Dunfermline rate is fixed until 30 November 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.