Key Product Features

• Interest rate is guaranteed for the term.
• Minimum investment £1,000 to a maximum of £2m.
• Once you’ve opened a Fixed Rate Bond, you can’t make any additions or withdrawals during the term, so make sure you will not need access to your money before you invest.
• Interest is paid either monthly or annually

The 'gross rate' is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

The 'net rate' is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate.

The 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if it was paid and compounded once each year.

Details Summary

• Interest is paid either annually on the anniversary of the opening date or monthly to another Cheshire account or to a bank account. It can not be added back to the bond. Interest payable monthly is calculated as at the last day of each calendar month.
• A cheque deposit will earn interest after 4 working days from the date the Society receives it. Standing order deposits earn interest from the date of funds transfer.
• Although you can’t add to this bond once it’s open, you can hold as many as you like.
• Just prior to maturity, we’ll write to you with reinvestment options. If we don’t receive instructions from you, then the bond will earn interest at the appropriate Premium Access rate tier. We’ll give you three options:
  
  
• Reinvest in a Fixed Rate Bond at the rate of interest offered at the time, or
• Transfer to one of the range of other accounts available from the Society, or
• Withdraw your investment and interest in full.
  
  
• In the event of an account holder’s death before maturity, the bond may either be transferred to the account holder’s representative/beneficiary or it can be closed, without penalty.
  
  Want more information? Fill out the Contact Form.
  Where to find us – take a look at our Branch Locator.

Other Information

• Terms and Conditions
  Please ensure you have read the Society’s Terms and Conditions before completion of your application, as you will be signing to say that you have read, understood and agree to be bound by them. Print Terms and Conditions now (opens in a new window) or request printed copy (opens in a new window) .
• Financial Services Compensation Scheme
  Cheshire Building Society is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Payments under the Scheme are limited to a maximum of 100% of the first £35,000 of an investor’s total shares and/or deposits. Most investors are covered, including individuals and small firms. Although most shares and deposits in UK building societies are denominated in sterling, the euro and other European Economic Area currencies are also covered. Further details are available on request from the Society.
• English Law
  Any contract entered into between yourself and the Society will be based upon English law.
• English Language
  All correspondence between yourself and the Society will be communicated in English.
• Complaints
  If you are not satisfied with any Cheshire Building Society product or service we have a complaint handling procedure (opens in a new window) that you can use to resolve such matters.
  Cheshire Building Society is a member of The Financial Ombudsman Service. If you are still not satisfied after following the Cheshire Building Society procedures, you can ask the Ombudsman to review the complaint.
  You can find out more about The Financial Ombudsman Service in a leaflet available from any branch or by telephoning the Customer Contact Centre on 0845 755 0555. Alternatively you can write to: Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR or telephone 020 7964 1000