Cheshire BS has licence to thrill with Bond treble - Savings - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Cheshire BS has licence to thrill with Bond treble

Cheshire BS has licence to thrill with Bond treble

Category: Savings

Updated: 07/07/2009
First Published: 07/07/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Cheshire BS has launched three fixed rate bonds that offer improved rates.

Its one year Fixed Rate Bond is a fixed term account, paying 3.75% on maturity (3.69% monthly) on a minimum investment of £1K.

Its two year counterpart pays a yearly rate of 4.15% (4.07% monthly) on a minimum of £1K, while the three year product pays 4.50% yearly (4.41% monthly) on a minimum investment of £1K.

The terms of all three accounts mean no early access or further additions are permitted.

The new issues of these bonds are certainly an improvement (think Daniel Craig replacing Pierce Brosnan), with rates increasing by up to 0.90%. The one year bond sits just below the market leader while the three year product leads the way in its field.

With the two year bond holing its own in the top ten, Cheshire BS has been awarded a hat-trick of four out of five Moneyfacts star ratings.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.