Cheshire BS increases 30 day postal saver rate - 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 increases 30 day postal saver rate

Cheshire BS increases 30 day postal saver rate

Category: Savings

Updated: 18/11/2010
First Published: 18/11/2010

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 It is now over 6 months old so the content may be out of date.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 increased the rate paid on its new 30 day postal account that leads the way in its market.

The 30 Day Postal Saver will increase by 0.35% to 2.95%, while all other terms and conditions remain unchanged.

It is good to see Cheshire BS increase the rate on this 30 day account only two weeks after its launch.

At 2.95%, it is a market leading notice account and should prove very popular.

Investors do, however, need to ensure they can adhere to the terms and conditions of the account as just four withdrawals in each anniversary year are permitted after which the rate will reduce to 0.10% for the lifetime of the account.

Four out of five Moneyfacts stars have been awarded.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.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.