Cheshire Building Society Our best fixed rate of up to 4.00% AER (4.05% tax free).
71°Expired

Cheshire Building Society Our best fixed rate of up to 4.00% AER (4.05% tax free).

19
Found 12th Mar 2012
This looks like a good deal to me?

Direct Fixed Rate ISA



Enjoy a better rate of interest when you lock away your savings for 18 months in a Direct Fixed Rate ISA. Secure your nest egg with no surprises – the interest rate on this ISA is fixed for 18 months.

All UK residents aged 16 or over can save up to £5,340 tax-free in a cash ISA with one provider, each tax year.

For instant access to your savings whilst still enjoying a competitive rate of interest we offer our best variable rate Direct Cash ISA.

Key features

Our best fixed rate of up to 4.00% AER (4.05% tax free).
Enjoy a competitive tax-free rate of interest fixed for 18 months.
Open your account today with at least £1,000 up to your annual cash ISA allowance (transfers from existing ISAs are not permitted).
Make a one off lump sum payment.
Open your ISA online and manage your savings by post
Direct Fixed Rate ISA (Issue 3) - Interest rates

Balance AER Tax-free
£1000 + 4.00% 4.05%
Fixed interest rate.
Your interest is calculated daily and paid on maturity of the product.
Once the ISA is open there can be no further deposits allowed, even if you have not used your full ISA allowance for the current tax year.
Withdrawals are not permitted during the fixed term.
Early closure will incur 180 days' loss of interest. If the interest charge is greater than the interest accrued on the account then we will take any extra from the capital balance.
Maximum 1 account holder, minimum age 16.
This product is a limited issue and may be withdrawn without notice.
This Direct Fixed Rate ISA is open to new subscriptions only.
Important Information:

You must not subscribe more than the cash ISA subscription limit to a cash ISA in the next tax year
You must not subscribe more than the overall subscription limit in total to ISAs in the next tax year
Apply online now

It only takes about 5 minutes to complete the online application form. Once you have completed it you will need to print and post your completed details, together with a cheque to: Freepost RSUC-ZKGH-GRAY, Cheshire Building Society, Swindon, SN38 1NW.

To complete your application you will need:

Your National Insurance number
If you are an existing Cheshire customer, your Customer account number
A current account with a cheque book
If you apply for a Direct Fixed Rate ISA as a Power of Attorney, please download this form and send in along with your cheque (if applicable). You’ll also need to make sure you fill in the ISA application form.

19 Comments

No transfers allowed from existing ISAs though so not hot for me.

Original Poster

They also have this one if you prefer a variable rate Isa of 3.35%
thecheshire.co.uk/ISA…SA/ again (transfers from existing ISAs are not permitted)

Original Poster

Just to show you here are some comparison rates:-

CASH ISA FIXED RATE TERM ACCOUNTS
Type of Account (min investment) Rate (tax-free)
(1) No transfers accepted from other providers
(2) Fixed until 31 July 2014
(3) Fixed until 15 February 2013. Available via Northern Rock, which is part of Virgin Money.
(4) Fixed until 15 February 2014. Available via Northern Rock, which is part of Virgin Money.
(5) Postal account
(6) Fixed to 15 December 2012
(7) For transfers only open to those whose Isas are not with the banks. If you want to transfer you need to open your account by 29th February but the bond does not start until April 4. Between transferring your money and the start of the bond you earn between 0.5 and 2 per cent depending on the size of your balance. Open to all savers who want to put in this year's cash Isa money - they must act by March 28.
(8) Fixed until 20 April 2015
(9) Fixed until 31 March 2014
(10) Fixed to 31 March 2015
(11) Fixed to 31 March 2013
(12) The deposit taker is Bank of Ireland
(13) Fixed to 2 June 2014
(14) Open to those age 50 and over only
(15) Fixed to 1 April 2013
(16) Fixed to 30 May 2014
(17) Available online only
(18) Fixed to 24 February 2013.
(19) Fixed to 30 May 2017.
(20) Fixed to 31 October 2013.
(21) Fixed to 31 May 2016.
(22) Plus an additional one-off bonus 0.1 percentage points at maturity if Rory McIlroy wins an eligible golf major during the term.
(23) Fixed until 1 April 2014.
(25) You have access to 25 per cent of your funds during the term. Fixed to 31 January 2013.
(26) Fixed until 28 December 2016. Only available through Governor Money (www.governormoney.com). Bank of Ireland UK is covered under the UK compensation scheme up to £85,000.
(27) Your money is protected by the Cypriot Deposit Administration Scheme, maximum cover €100,000.
ONE YEAR
Santander (£2,500) 3.50
NatWest/RBS (£1,000) (7) 3.35
Aldermore Bank (£1+) 3.30
Metro Bank (£1+) 3.25
Leeds BS (£1+) (1) (25) 3.25
Marks & Spencer (£100+) 3.25
Post Office (£500+) 3.10
Leeds BS (£1+) (11) 3.00
Skipton (£500+) (15) 3.00
Santander (£14,000+) 3.00
Virgin Money (£1+) (3) 3.00
18 MONTHS
Cheshire BS(£1,000+) (1) 4.05
Nationwide (£1+) 3.30
Yorkshire BS (£100+) (2) 3.25
Chelsea BS (£100+) (2) 3.25
Barnsley BS (£100+) (2) 3.25
TWO YEARS
Santander (£1+) (22) 4.00
NatWest/RBS (£1,000) (7) 3.90
Lloyds TSB (£10,000+) 3.70
Halifax (£500+) 3.70
Nottingham BS (£500+) (9) 3.65
BM Savings (£500+) 3.60
Cydesdale Bank (£2,000+)(16) 3.60
Yorkshire Bank (£2,000+) (16) 3.60
Post Office (£500+) 3.60
Marks & Spencer (£100+) 3.50
Aldermore Bank (£1,000+) 3.50
Skipton BS (£500+)(23) 3.45
Lloyds TSB(£1+) 3.40
Bank of Scotland£500+) 3.40
THREE YEARS
NatWest/RBS (£1,000) (7) 4.20
Halifax (£500+) 4.00
C&G (£100) (8) 3.90
Marks & Spencer (£100+) 3.75
Aldermore Bank (£1+) 3.70
Saga (£1+)(14) 3.70
Post Office (£500+) 3.70
FOUR YEARS
Halifax (£500+) 4.20
FIVE YEARS
Halifax (£500+) 4.50
BM Savings (£500+) 4.25
Clydesdale Bank (£2,000+) (19) 4.25
Yorkshire Bank (£2,000+) (19) 4.25


Read more: thisismoney.co.uk/mon…tml

Santander do 4%, rising by 0.1% if McLroy wins a major in next 2 years....and they have many more branches all over the UK for ease of use.

Katf84

Santander do 4%, rising by 0.1% if McLroy wins a major in next 2 … Santander do 4%, rising by 0.1% if McLroy wins a major in next 2 years....and they have many more branches all over the UK for ease of use.



2 year fixed though. Thats a long time to tie your money up when interest rates are likely(?) to rise.

Seems like a good deal to me OP. Heat added.

Katf84

Santander do 4%, rising by 0.1% if McLroy wins a major in next 2 … Santander do 4%, rising by 0.1% if McLroy wins a major in next 2 years....and they have many more branches all over the UK for ease of use.


But we're talking Santander - so best avoided. My option's the AA 3.5% instant access, with a 3% fixed one year bonus included in that.

not many offer transfers in but this year all santander isa's allow transfers in and the service in branch has gone from terrible 18 months ago to fantastic in the last 6 months. and the new bank account is fantastic along with the credit card earns me just under £500 a year.

Newbold

But we're talking Santander - so best avoided. My option's the AA 3.5% … But we're talking Santander - so best avoided. My option's the AA 3.5% instant access, with a 3% fixed one year bonus included in that.



I'd let Santander handle my ISA but not my current account.

But they've been saying that for the last 3 years and interest rates have remained very low. Glad I ignored them and opened 5% 5 yr fixes as soon as they became available.

I am hoping a provider will launch a 5% 5 yr ISA for the next tax year.


MrShed

2 year fixed though. Thats a long time to tie your money up when interest … 2 year fixed though. Thats a long time to tie your money up when interest rates are likely(?) to rise.Seems like a good deal to me OP. Heat added.


Halifax brought out a new 3 year Fixed Rate ISA yesterday that is paying a good rate of 4.25% - but you do have to tie your money up for 3 years.

Hi all, on the 7th of april NBS are releasing an instant access cash ISA with a rate of 4%..you do have to have a main current account with them to qualify, but well worth it if you use your full isa allowance each year x

Halifax brought out a new 3 year Fixed Rate ISA yesterday that is paying a good rate of 4.25% - but you do have to tie your money up for 3 years.

starhippo

Hi all, on the 7th of april NBS are releasing an instant access cash ISA … Hi all, on the 7th of april NBS are releasing an instant access cash ISA with a rate of 4%..you do have to have a main current account with them to qualify, but well worth it if you use your full isa allowance each year x


Sorry - but NBS?

starhippo

Hi all, on the 7th of april NBS are releasing an instant access cash ISA … Hi all, on the 7th of april NBS are releasing an instant access cash ISA with a rate of 4%..you do have to have a main current account with them to qualify, but well worth it if you use your full isa allowance each year x



That's interesting! Do you mean Nationwide? How do you know about that?

Newcastle building society

Or Nottingham?

Original Poster

The variable rate ISA has just been increased from 3.35% to 3.5% this should apply even if you have already applied.
Adrian

Now the end of the tax year has passed and the cash ISA scramble has abated a bit, Cheshire is still up there with 3.50% along with the AA - but neither accept transfers in from old cash ISA allowances. The best rate for this is Santander Direct ISA issue 9 paying 3.30%. See best by tables savingschampion.co.uk/bes…sa/

starhippo

Hi all, on the 7th of april NBS are releasing an instant access cash ISA … Hi all, on the 7th of april NBS are releasing an instant access cash ISA with a rate of 4%..you do have to have a main current account with them to qualify, but well worth it if you use your full isa allowance each year x



Oh and regarding the NBS ISA paying 4% - I assume starhippo meant the Nationwide Flexclusive ISA. It's easy access and pays a fab rate of 4.25% but of course there is a catch. You need to have a Nationwide Flex Account as your main current account and pay in at least £750 per month.
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