Cheshire Building Society: New fixed-rate bonds introduced

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Cheshire Building Society: New fixed-rate bonds introduced

Fri 13th Feb 2009

Cheshire Building Society and its sister company Derbyshire Building Society have announced the launch of a new range of fixed-rate bonds.

The new bonds include a one year offering which gives customers a choice between being paid monthly interest at a rate of 3.69 per cent or a single interest payment of 3.75 per cent at the end of the year.

Cheshire Building Society customers will be able to open the new bonds with a minimum investment of £5,000, as will Derbyshire Building Society customers.

Gary Wilkinson, managing director of regional brands for the building societies, said: "We are delighted to be able to offer savers the chance to invest in these regional building society fixed-rate bonds, which offer a very competitive rate of interest."

Cheshire Building Society and Derbyshire Building Society are both part of Nationwide, having merged with the national building society last year.

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