Cheshire Building Society Savings Accounts

Cheshire Building Society has become part of the Nationwide group.  Although Cheshire building society savings accounts are no longer available you may be interested in a Nationwide building society savings account.

Deciding who to take out a savings account with can be a big decision. Although getting the best rate you can is probably your main priority you may have other considerations when it comes to deciding who you want to bank with.

You can use the comparison tables above to compare numerous different types of savings and current accounts.

Nationwide Savings options include

• Cash ISAs
• Instant access savings accounts
• Savings Bonds
• Children’s Saving Accounts
• Business Savings Accounts

Different savings options

It’s important to consider which is the most appropriate way of saving for you before you make an account, because some could stop you having access to your money for an extended period once they are opened.

• Instant access accounts – are offered by most banks and building societies, but consumers should shop around for the best rate as some are more competitive than others. These accounts are useful if you want to be able to access your savings quickly in case you need them, however because of this they usually offer lower interest rates than bonds and other savings products.
• Regular savings accounts – these require you to deposit a certain amount of money into the account on a monthly basis; you cannot access any of the money in the account until the end of the term when the interest has accrued.
• Cash ISAs – With cash ISAs you benefit from a better interest rate as tax is not charged over it until it reaches a certain amount. But you won’t be permitted to pay any more until the beginning of the next tax year which starts on the 6th April. It is also possible to access your money quickly.
• Fixed Rate Bonds – Fixed rate bonds are a form of savings that usually offer a higher interest rate than instant access savers, however they require you to lock your money away for a set period of time that you decide, usually between 1 and 5 years. Some bonds can be cashed early however there is usually a forfeit for doing so meaning you could get back less than you originally deposited.
• Tracker Bonds – With this type of bond your money is secured for a predefined length of time as with a fixed rate. However instead of the rate of interest you are offered staying consistent throughout the term, a tracker’s rate is reflective of the Base Rate set down by the Bank of England. If the base rate either rises or falls so too will the interest rate on your savings bond.