Regular Saving
What are you saving for?
Whatever your goal our Monthly Saver Account could help you get there.
The Monthly Saver Account is only available to customer's via the Cheshire's
branches. Find your nearest branch using our Branch Locator.
| Investment | Gross Rate p.a variable% | AER variable% | Find your nearest branch | |
|---|---|---|---|---|
| Year 1 Standard Rate (account opening to 31.01.11) - Annual Interest |
£10 - £250 per month | Bank Base Rate + 1.50% to give a current rate of 2.00% | Bank Base Rate + 1.50% to give a current rate of 2.00% |  |
| Year 1 Conditional Bonus Rate** (account opening to 31.01.11) - Annual Interest |
£10 - £250 per month | Bank Base Rate + 3.50% to give a current rate of 4.00% | Bank Base Rate + 3.50% to give a current rate of 4.00%* | |
| Year 2 Rate |
£10 - £250 per month | Bank Base Rate + 1.50% to give a current rate of 2.00% | Bank Base Rate + 1.50% to give a current rate of 2.00% | |
| Year 3 Rate (from 01.02.12 onwards) - Annual Interest |
£10 - £250 per month | Variable rate currently 2.00% | Variable rate currently 2.00% | |
| Find out more about Monthly Saver Account Previous rates | ||||
Rates correct at 16 December 2009 and are relative to Bank of England Base Rate of 0.5%.
*AER including conditional bonus.
**Qualifying criteria for Conditional Bonus Rate: The bonus rate will be paid provided that no more than 1 monthly payment has been missed and no more than 1 withdrawal has been made until 31 January 2011 (Year 1). From 1 February 2011 there is no conditional bonus rate. The standard rate will apply if the bonus criteria is not met.
Monthly Saver Example
If you save £100 on the 1st of each month (starting on 01.02.2010) for 12 months into our Monthly Saver Issue 2 and make no withdrawals, you would earn £26.33 gross interest during the period 01.02.2010 to 31.01.2011 (based on the current conditional bonus rate of 4.00% gross p.a./AER). As interest is paid annually on 31st October each year, £15.08 gross interest would be credited to your account on 31.10.2010. Interest for the period 01.11.2010 to 31.01.2011 (£11.25 gross) would be credited to your account at the next interest payment date of 31.10.2011, together with any additional accrued interest for the period 1.02.2011 to 31.10.2011. (Or on account closure if this is prior to 31.10.2011).
