Derbyshire Building Society: Online savings account offers flexibility

Derbyshire Building Society: Online savings account offers flexibility
Date of Publication: Tuesday, 26 July 2011 00:00

The new savings product could prove to be more flexible for customers.

A new online savings account aims to offer a more flexible approach, Derbyshire Building Society has revealed.

The organisation is part of the Nationwide Group and it has launched its NetSaver (Issue 1) savings account with a competitive rate of 3.11 per cent gross per annum.

It comprises a fixed introductory bonus of 2.11 per cent gross per annum that is paid until November 30th 2012 on investments savings of £1 or more.

Matthew Wyles, group distribution director at Nationwide Group, comments: "The launch of the Derbyshire NetSaver account is great news for those who want the flexibility of easy access."

He says the choice provides the "best of both worlds" because it offers a good rate upon opening, as well as writing to savers when their introductory bonus is coming to an end.

Derbyshire Building Society is a mutual organisation without any shareholders, which it claims allows it to act in the best interests of its customers.

By Ashley King
Tuesday, 26 July 2011 00:00
Bookmark and Share

Make a comment on this article

Please enter the following letters in the box below.
We're very sorry for this but we just need to ensure
that you are not a computer.

Top 5 Savings Accounts

Interest Paid
Min Bal
View Full Table >
Fixed term for 1 year
On Maturity

Scottish Widows Direct Transfer Account

Scottish Widows
  • Minimum balance £1000
  • Deposits can be made by internet banking, telephone or post
  • No notice period or penalties for withdrawals
  • YOUR SAVINGS ARE PROTECTED UP TO £75,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Bank of Cyprus UK 1 Year Bond

Bank of Cyprus UK
  • Interest is paid annually
  • Early withdrawals not permitted
  • Available to individuals (single and joint applicants)
  • Conditions are available here
  • Available in Sterling only.