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


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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.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

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.

Less than half of savings accounts beat inflation

Official figures show that inflation jumped up during September, with CPI rising to 1%. Not only does this mean that consumers may begin to feel the impact on their wallets, but there are now far fewer savings accounts that will beat inflation.

Number of savings accounts falls to record low

As if the continued drop in savings rates wasn’t bad enough, our latest research reveals another blow to already hard-pressed savers, with the number of accounts available having fallen to a record low.