Product update: Easy Saver ISA

16 September 2013

On 16 September 2013, the Cheshire, Derbyshire and Dunfermline Building Societies, part of the Nationwide Group, are launching a new issue of Easy Saver ISA.

The branch-based Easy Saver ISA (Issue 3) pays a competitive 1.75% AER* tax-free variable, which includes a fixed introductory bonus of 1.25% until 30 November 2014.

The account allows new cash ISA subscriptions only with a minimum opening balance of £1. Unlimited withdrawals and deposits can be made, subject to the cash ISA allowance.

Easy Saver ISA – Issue 2 was withdrawn from sale on Sunday 15 September.

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.

RATES FOR EASY SAVER ISA (ISSUE 3), EFFECTIVE FROM 16 SEPTEMBER 2013

EASY SAVER ISA (ISSUE 3) AER / tax-free variable (inc bonus) AER / tax-free variable (exc bonus)
£1+ 1.75% 0.50%

Easy Saver ISA (Issue 3) includes a 1.25% fixed introductory bonus rate until 30 November 2014. After this date it reverts to a variable rate, currently 0.50% AER tax-free.

EASY SAVER ISA (ISSUE 3)
Availability In branch
Withdrawals Instant access
Deposits Unlimited, subject to annual cash ISA allowance. New subscriptions only, no transfers in or consolidations allowed.
Min. opening balance £1
Min. operating balance £1
Interest Derbyshire and Dunfermline: paid annually on 30 September
Cheshire: paid annually on 31 December

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.