Cheshire Building Society, part of the Nationwide Group, is today launching new fixed rate savings accounts.

Fixed Rate Bonds

The accounts being launched are:

• Six-month Fixed Rate Bond paying between 2.40% and 2.65% gross p.a. (2.41% and 2.67% AER*). 
• One-year Fixed Rate Bond paying between 2.85% and 3.10% gross p.a./AER*
• Two-year Fixed Rate Bond paying between 3.15% and 3.40% gross p.a./AER*.  This account is for maturing customers only

Fixed Rate ISA
The account being launched is:

• One-year Fixed Rate ISA paying between 2.85% and 3.10% AER* tax-free

All the accounts must be opened with a minimum of £100.  The rate paid on all of the above accounts depends on the balance of the account.  Monthly interest options are available on all Fixed Rate Bonds. 

Cheshire’s previous range of Fixed Rate Bonds and Fixed Rate ISAs was withdrawn from sale at the close of business on Monday 21 November 2011.

*AER stands for Annual Equivalent Rate which illustrates what the interest rate would be if interest was paid and compounded each year.  The gross rate of interest is the interest rate payable before any income tax is deducted (if a customer pays tax) and the net rate of interest is the interest payable after any income tax is deducted (if a customer pays tax).

Applications are required for all products.  Further details of terms and conditions available on request.

RATES FOR SIX-MONTH FIXED RATE BOND, EFFECTIVE 22 NOVEMBER 2011

RATES FOR ONE-YEAR FIXED RATE BOND, EFFECTIVE 22 NOVEMBER 2011

RATES FOR TWO-YEAR FIXED RATE BOND, EFFECTIVE 22 NOVEMBER 2011 (FOR MATURING CUSTOMERS ONLY)

RATES FOR ONE-YEAR FIXED RATE ISA, EFFECTIVE 22 NOVEMBER 2011

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