Rugby fans can kick off an account to help the game
THE RUGBY World Cup kicks off on September 7, and Chelsea Building Society has introduced three new affinity accounts designed specifically for fans of the game.
The Chelsea Rugby Regular Saver account requires savers to pay in a minimum of £10 a month, and they will earn interest of 4.8pc gross a year. No more than two withdrawals can be made from this account within any 12month period.
The Chelsea Rugby CallDirect account, which can be opened with an investment of £250, pays 3.95pc gross a year. A cash machine card is available with this account if requested.
Finally, the Chelsea Mini Rugby Saver account is for younger savers and pays 5.2pc gross interest on an opening balances of £1. All savers who open any of the three accounts will receive two free tickets to the next Emirates Sevens held at Twickenham, and those opening a Mini Rugby Saver account will also receive an England Rugby Piggy bank. In addition to this, each year 1pc of the average annual balance will be returned to the Rugby Football Union, for the continuing development of “grassroots rugby” in England. For more information on the new Chelsea accounts, visit www.thechelsea.co.uk/ rugby.
Two new issues of Derbyshire bonds
DERBYSHIRE Building Society on Thursday introduced two new issues of its Fixed Rate Bonds, paying up to 6.35pc gross.
Issue 150 of the one-year bond pays 6.3pc gross on a minimum investment of £1, while Issue 151 of the twoyear bond pays 6.35pc gross on the same minimum investment. Both bonds offer a monthly interest option, which is 6.12pc gross for the oneyear bond, and 6.17pc gross for the two-year bond.
Lisa Taylor, of Moneyfacts.co.uk, said; “Whilst it is good to see these bond rates increasing, they still fall a fair way short of the top rates of 6.7pc for a oneyear and 6.65pc gross for a two-year bond from Anglo Irish Bank.
“With additions permitted while the issue remains open, they offer some flexibility.
“However, clients will need to be certain they will not require the funds during the term, as no earlier access is permitted.” For more information, visit www. thederbyshire.co.uk.
Buckinghamshire celebrates 100 years
BUCKINGHAMSHIRE Building Society this week launched a competitive fixed rate bond to commemorate its first 100 years.
The Centenary Bond Fixed Rate Account, which can be opened by both new and existing investors, is available over either one or two years, and pays 6.2pc or 6.25pc gross interest a year respectively. The minimum investment required to open the Bond is £1,000, and the maximum amount you can invest is £250,000.
Withdrawals are not permitted, but a bond can be closed at any time, although you will lose 120 days’ interest if you do this. For more information, visit www.bucksbuilding society.co.uk or telephone 01494 879500.
N&P brings a smile to savers with rates rise
NORWICH & Peterborough Building Society on Thursday raised rates on some of its fixed rate bonds and its mini cash Isa.
The Building Society’s six-month fixed rate bond now pays 6.35pc, up from 5.9pc gross, and savers looking for income can opt to receive monthly interest at a marginally lower rate of 6.27pc gross. The oneyear bond now pays 6.25pc gross, or 6.08pc monthly.
Savers taking out a oneyear Fixed Rate Mini Cash Isa with Norwich & Peterborough will now earn 6.25pc gross interest a year, up from the old rate of 6pc.
Richard Barker, product manager at N&P, said: “These rates are guaranteed to bring a smile to savers’ faces despite the awful weather.”
For more information about Norwich and Peterborough Building Society, visit your local branch, log on to www. npbs.co.uk, or telephone 0800 883322.
Cheshire rises give plenty to think about
CHESHIRE Building Society this week increased the rates on its six, 12month, 18-month, twoyear, three-year and fouryear fixed rate bonds, as well as its Fixed Rate Mini Cash individual savings account.
This is the second time the building society has raised rates since the last Bank of England base rate increase in July.
The six-month bond now pays 5.9pc gross, while the 12- and 18-month bonds pay 6.25pc and 6.2pc gross interest respectively. All of these bonds can be opened with a minimum investment of £1,000.
The two-, three- and four-year term bonds each require a minimum investment of £5,000 and all pay 6.25pc gross interest a year.
They also offer a monthly interest option, at the slightly lower rate of 6.08pc gross. The 12month Fixed Rate Mini Cash Isa also now pays 6.25pc gross.
For more information, visit www.thecheshire.co.uk.
OAPs should warm to Winter Fuel Payments
OLDER people were this week urged to get their applications for Winter Fuel Payments in to ensure they get their payments in time for Christmas.
Minister for Pensions Reform Mike O’Brien said: “Over 8m households will benefit from the £200 Winter Fuel Payment this winter, with those containing someone aged over 80 receiving £300. Successful applications received by September 21 will get their payments in time for Christmas.”
Those who are newly eligible can get a claim form by visiting the Winter Fuel Payment website: www. thepensionservice.gov.uk/ winterfuel, or by calling the helpline on 08459 151515.
NS&I joins forces with WH Smith
NATIONAL Savings & Investments (NS&I) this week joined forces with stationers WH Smith to offer Premium Bonds and Index-Linked Savings Certificates in 400 of its high street stores.
The partnership begins on November 1 and will enable customers to pick up brochures for the Savings Certificates and Premium Bonds in store.
Lisa Taylor: bond ambition
Richard Barker: weather beater