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Easy Saver Account - Rates up to 4.90% p.a. Gross/AER (variable)

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Easy Saver Account

Key Product Features

  • Minimum investment limit of £1 to a maximum of £2m.
  • Interest is paid either monthly or annually.
  • The interest rate paid is variable and is dependent upon both the balance held and the number of withdrawals made from the account during the calendar year.
  • Instant access to your money.
  • Add to your account whenever you wish.
Easy Saver - 0-4 withdrawals
 
Annual Interest
Monthly Interest
Investment
Gross Rate %

Net Rate %
AER %
Gross Rate %
Net Rate %
AER %
£250,000+
4.90
3.92
4.90
4.79
3.83
4.90
£100,000+

4.60
3.68
4.60
4.51
3.61
4.60
£50,000+
4.35
3.48
4.35
4.27
3.42
4.35
£25,000+
4.10
3.28
4.10
4.02
3.22
4.10
£10,000+
3.85
3.08
3.85
3.78
3.02
3.85
£2,500+
3.60
2.88
3.60
3.54
2.83
3.60
£1+
2.80
2.24
2.80
2.76
2.21
2.80
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Easy Saver - 5-6 withdrawals
 
Annual Interest
Monthly Interest
Investment
Gross Rate %
Net Rate %
AER %
Gross Rate %
Net Rate %
AER %
£250,000+
4.60
3.68
4.60
4.51
3.61
4.60
£100,000+
4.30
3.44
4.30
4.22
3.38
4.30
£50,000+
4.05
3.24
4.05
3.98
3.18
4.05
£25,000+
3.80
3.04

3.80
3.74
2.99
3.80
£10,000+
3.55
2.84
3.55
3.49
2.79
3.55
£2,500+
3.30
2.64
3.30
3.25
2.60
3.30
£1+
2.50
2.00
2.50
2.47
1.98
2.50
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Easy Saver - 7-12 withdrawals
 
Annual Interest
Monthly Interest
Investment
Gross Rate %
Net Rate %
AER %
Gross Rate %
Net Rate %
AER %
£250,000+
3.90
3.12
3.90
3.83
3.06
3.90
£100,000+
3.60
2.88
3.60
3.54
2.83
3.60
£50,000+
3.35
2.68
3.35
3.30
2.64
3.35
£25,000+
3.10
2.48
3.10
3.06
2.45
3.10
£10,000+
2.85
2.28
2.85
2.81
2.25
2.85
£2,500+
2.60
2.08
2.60
2.57
2.06
2.60
£1+
2.10
1.68
2.10
2.08
1.66
2.10
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Easy Saver - 13+ withdrawals
 
Annual Interest
Monthly Interest
Investment
Gross Rate %
Net Rate %
AER %
Gross Rate %
Net Rate %
AER %
£250,000+
2.60
2.08
2.60
2.57
2.06
2.60
£100,000+
2.30
1.84
2.30
2.28
1.82
2.30
£50,000+
2.15
1.72
2.15
2.13
1.70
2.15
£25,000+
2.05
1.64
2.05
2.03
1.62
2.05
£10,000+
1.95
1.56
1.95
1.93
1.54
1.95
£2,500+
1.85
1.48
1.85
1.83
1.46
1.85
£1+
1.75
1.40
1.75
1.74
1.39
1.75
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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 calculated as at 31 December each year. It can either be paid back to this account where it will earn even more interest, direct to another Cheshire investment account or to your bank/building society.
  • Cheque deposits 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.
  • Instant access to your money - You can withdraw up to £500 cash or larger amounts by cheque at any Cheshire branch.
  • Easy Saver has seven interest rate tiers in total that are dependent upon the balance held at any given time. In addition, it also has four interest rate bands for each tier that are dependent upon the amount of withdrawals taken in the calendar year.
  • The payment of monthly interest alone does not count as a withdrawal.
  • On January 1 each year the account is set back to nil withdrawals so you will start the year with the highest interest rate available for your particular balance.

Where to find us – take a look at our Branch Locator.

Want more information? Fill out the Contact Form.

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.
  • Right to Cancel
    You have the right to cancel this product, without penalty within 14 days of commencement. Cancellation instructions must be received in writing before the 14th day. If you choose to close the account after this period, you need to give us 30 days notice or pay a penalty of 30 days interest. All instructions should be addressed to: Investment Team, Castle Street, Macclesfield, Cheshire  SK11 6AF.
  • 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
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Cheshire Building Society is authorised and regulated by the Financial Services Authority (registration number 206102).