| Investment Rates
Applicable from May 1st, 2008
Click here for previous rates
2 Year Capital Bond
|
AER/Gross |
|
£5000 - £24999 |
4.75% |
3.80% |
£25000 - £49999 |
5.00% |
4.00% |
£50000 - £99999 |
5.25% |
4.20% |
£100000+ |
|
4.40% |
Variable Rate term account for lump sum investments of £5,000 and above. No withdrawals are permitted in the first year, while withdrawals in year 2 are subject to 90 days notice or 90 days loss of interest if taken without notice.
90-Twenty
|
AER/Gross |
|
£1000 - £9999 |
3.80% |
3.04% |
£10000 - £24999 |
4.30% |
3.44% |
£25000 - £49999 |
4.80% |
3.84% |
£50000 - £99999 |
5.15% |
4.12% |
£1000000 + |
5.25% |
4.20% |
A high interest account that allows investors access without penalty to 20% of their balance each calendar year. Thereafter, withdrawals are subject to 90 days notice, or 90 days loss of interest if taken without notice. Minimum balance is £1,000 and you can add to the account when you like.
Access 30
|
AER/Gross |
|
£1000 - £9999 |
2.75% |
2.20% |
£10000 - £24999 |
3.25% |
2.60% |
£25000 - £49999 |
3.75% |
|
£50000 - £99999 |
4.25% |
3.40% |
£1000000 + |
4.50% |
3.60% |
An account combining attractive rates of interest and instant access on balances exceeding £10,000. For balances below £10,000 withdrawals are subject to 30 days notice, or 30 days loss of interest if taken immediately. Minimum balance is £1,000 and you can add to the account when you like.
Extra Instant Access
|
AER/Gross |
|
£1 - £4999 |
2.00% |
1.60% |
£5000 - £9999 |
2.55% |
2.00% |
£10000 - £24999 |
3.00% |
2.40% |
£25000+ |
3.50% |
2.80% |
Instant access account with a minimum balance of only £1.
Cash Mini ISA & TESSA Only ISA
| |
AER/Gross |
Net |
| £1000-£29999 |
|
Tax Free |
| £30000+ |
5.50% |
Tax Free |
Tax-free accounts subject to Inland Revenue rules. A leaflet of regulations is available from the Society.
Junior Saver
AER/Gross |
Net |
5.00% |
4.00% |
Attractive account for young investors. Minimum opening balance is £10 and all account holders receive one of our unique money boxes, all the way Denmark.
Accounts No Longer Available To New Investors
Capital Bond
|
AER/Gross |
|
£2500 - £9999 |
3.80% |
3.04% |
£10000 - £24999 |
4.30% |
3.44% |
£25000 - £49999 |
4.80% |
3.84% |
£50000 - £99999 |
5.15% |
4.12% |
£100000+ |
5.25% |
4.20% |
A high interest account requiring 90 days notice for withdrawals or 90 days loss of interest if taken immediately.
Share
Instant access account for balances from £1.
Fully Paid Shares
Term Share
Investor Protection
The City of Derry Building Society is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Payments under the Scheme are limited to a maximum of £31,700, that is 100% of the first £2,000 of an investors total shares and/or deposits, and 90% of the next £33,000. Most investors are covered, including individuals and small firms. Although most shares and deposits in UK Building Societies are denominated in sterling, the euro and other European Economic Area currencies are also covered. Further details are available on request from the society.
Additional Information
Qualifying account holders are members of the Society and are bound by its Rules. A copy of the Society's Rules is available on request to members.
All interest rates are variable and may be changed by the Society in accordance with its Rules. Interest is added to the account annually on 31st December. Interest may also be paid by warrant or transferred to one of the Society's instant access accounts. Subject to approval, interest may be paid by warrant or transferred to another account on a quarterly basis.
Investment on TESSA/ISA accounts is tax-free, provided that statutory regulations are adhered to. On all other accounts and where regulated by legislation, interest will be paid or credited after deduction of Income Tax at the appropriate rate.
Subject to satisfactory certification, interest may be paid to non taxpayers. Inland Revenue declarations and further information available from the Society.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
A separate leaflet on accounts no longer open to new investors is available on request.
The maximum investment permitted is at the discretion of the Society and is subject to change.Withdrawals are normally made by cheque in accordance with the rules of the individual account. Cash withdrawals not exceeding £250 may also be made. All account closures are payable by cheque.
Further information on opening and operating your account and our obligation to you can be found in the Key Features leaflet, copies of which are provided when an account is opened and on request. |
