Cheshire and Derbyshire launch fixed-rate bonds

| July 14, 2009 | 0 Comments
Cheshire and Derbyshire launch fixed-rate bonds

The Cheshire and Derbyshire Building Societies this week unveiled three new fixed-rate bonds aimed at savers willing to lock away their money in exchange for a strong interest rate.

Available for one, two or three years, the fixed-rate bonds pay interest at 3.75%, 4.15%, and 4.5% respectively.

At Derbyshire consumers can invest between £100 and £1 million, whilst at Cheshire these figures increase to between £1,000 and £2 million.

Savers can choose to have interest paid monthly or on maturity into a specified account.

The bonds can be opened in-branch, on the telephone, or online.

“This is a great opportunity for savers to invest at very competitive rates of interest”, said Alistair Welham of Cheshire and Derbyshire.

“All three bonds benefit from the financial security of Nationwide, the UK’s largest building Society.”

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