Product update: Derbyshire Fixed Rate Bonds and ISAs

02 May 2014

The Derbyshire Building Society, part of the Nationwide group, are today launching new issues extending the end date of their Fixed Rate Bonds and Fixed Rate Cash ISAs.

The new issues being launched are:

  • Fixed Rate Bond Issue 295 paying 1.40% gross p.a./AER*
  • Fixed Rate Bond Issue 296 Paying 1.70% gross p.a./AER*
  • Fixed Rate ISA Issue 84 paying 1.50% AER tax-free*
  • Fixed Rate ISA Issue 85 paying 2.05% AER tax-free*

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

All previous issues of the above Derbyshire Fixed Rate Bonds and ISAs were withdrawn from sale at the close of business on 1 May 2014.

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 295) – EFFECTIVE 2 MAY 2014

Rates for Derbyshire fixed rate bond - Issue 295
Annual AER Gross Net p.a.
£100 + 1.40% 1.40% 1.12%
Monthly AER Gross p.a. Net p.a.
£100 + 1.36% 1.35% 1.08%

Derbyshire rate is fixed until 31 July 2015
Withdrawals and closures are not permitted during the term of the account.

RATES FOR DERBYSHIRE FIXED RATE BOND (ISSUE 296) – EFFECTIVE 2 MAY 2014

Rates for Derbyshire fixed rate bond - Issue 296
Annual AER Gross 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 rate is fixed until 31 July 2016
Withdrawals and closures are not permitted during the term of the account.

FIXED RATE CASH ISAS

RATES FOR DERBYSHIRE FIXED RATE CASH ISA (ISSUE 84) – EFFECTIVE 2 MAY 2014

Rates for Derbyshire fixed rate cash ISA - Issue 84
Annual AER Tax-free
£100 + 1.50% 1.50%

Derbyshire rate is fixed until 31 July 2015

RATES FOR DERBYSHIRE FIXED RATE CASH ISA (ISSUE 85) – EFFECTIVE 2 MAY 2014

Rates for Derbyshire fixed rate cash ISA - Issue 85
Annual interest AER Tax-free
£100 + 2.05% 2.05%

Derbyshire rate is fixed until 31 July 2016


FRISA Early access charges
FRISA Early access charges - Derbyshire Building Society
Issue 84 Issue 85
Loss of interest 90 days 180 days

The account can be closed or transferred prior to maturity, subject to the number of days loss of interest which applies to the account as detailed above. These early access charges will not apply during the cancellation period or on death of an account holder.

The Derbyshire Building Society is a Trading Division of Nationwide Building Society.

Please note: If you are a customer looking for information on our products and services, please visit the main website.