Regular Saver
Our Regular Savings account encourages you to save and keep on saving. Enjoy flexible savings with monthly deposits with the option to withdraw money if you need to.
Key features
- Enjoy a bonus rate on your account if you can pay in regularly and do not need to make more than one withdrawal each year.
- If more than two consecutive deposits are missed or more than one withdrawal is made the interest rate will be paid at the standard rate for the remainder of that calender year.
- Open your account with as little as £10.
- Save regularly between £10 - £500 per month and as long as a minimum payment of £10 per month is made the bonus interest rate applies.
- Open your account in any Cheshire branch or post.
Interest rates
| |
AER variable% |
Gross Rate p.a. variable% |
Net p.a. variable% |
| Conditional Bonus rate |
2.50% |
2.50% |
2.00% |
| Standard Rate |
0.10% |
0.10% |
0.08% |
- Variable interest rate
- Interest is calculated daily and paid annually on 31 December
- Interest can either be paid back to this account or to another Cheshire account or to your bank account.
- One withdrawal allowed each calendar year without loss of interest. If further withdrawals are made interest will be paid at the standard rate, for the remainder of that calendar year.
- This product is a limited issue and may be withdrawn without notice
How to apply
Regular Saver Account Issue 6 Example: If you save £100 on the 1st of each month for 12 months (starting on 1 January 2011) into our Regular Saver (Issue 6) and make no withdrawals, you would earn £16.32 gross interest on 31 December 2011 based on the current variable rate of 2.50% gross p.a./AER.