Derbyshire and Cheshire launch fixed-rate bonds

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Derbyshire and Cheshire launch fixed-rate bonds

Mon 13th Jul 2009

The Cheshire and Derbyshire Building Societies have launched three new fixed-rate bonds for those consumers who are hoping to put some cash aside over the coming years.

The bonds are available in one, two and three-year terms which pay 3.75 per cent, 4.15 per cent and 4.50 per cent gross AER respectively.

They can be opened through Cheshire and Derbyshire building society branches, over the internet or by phone.

At the Cheshire, savers can invest between £1,000 and £2 million in the fixed-rate bonds, while at Derbyshire this figures is between £100 and £1 million.

Alistair Welham, head of products and marketing at the Cheshire and Derbyshire, commented: "This is a great opportunity for savers to invest at very competitive rates of interest. All three bonds benefit from the financial security of Nationwide, the UK's largest building society."

Nationwide's latest Consumer Confidence Index revealed that confidence among Brits rose from 54 to 58 points from May to June this year.

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