Cheshire BS increases 30 day postal saver rate - Savings - News - Moneyfacts


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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.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

Average five-year fixed bond rate falls below 2%

Long-term fixed rate bonds used to be the top solution for savers looking to get a decent return on their savings, but unfortunately, times have changed, with our latest data revealing that the average five-year rate has fallen to a new record low.

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.