The Cheshire and Derbyshire Building Societies have launched a selection of fixed rate savings bonds .
Offering interest rates of up to 3.75 per cent, the savings bonds last for one or two years.
People can opt to have interest on their savings accounts paid either monthly or annually, depending on their preference.
Gary Wilkinson, managing director of regional brands, said: "We are delighted to be able to offer savers the chance to invest in these regional building society fixed rate bonds, which offer a very competitive rate of interest ."
The savings accounts also have the added benefit of being backed by Nationwide, the UK's largest building society, he added.
For the Cheshire accounts, people can invest up to £2 million, while for the Derbyshire savings product, the limit is £1 million.
The minimum amount to invest in both cases is £5,000.
Recently, Kevin Mountford, head of banking at Moneysupermarket.com, advised people with savings accounts to remain vigilant to make sure they are getting the best possible rate they can.
Building societies launch new savings bonds
Financial Services > Savings > Savings and Investments News
Building societies launch new savings bonds
Mon, 16 Feb 2009
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