Personal Finance

Cheshire launches savings account

Cheshire Building Society has launched a new 30-day notice savings account which offers savers a 2.60% (AER) interest rate.

Savers keeping at least £1,000 in their account will see their interest rate benefit from a 1% bonus for 12 months.

People will need to pay in a minimum of £1,000 to open the account, but up to £2 million can be deposited.

Unlimited additional deposits can also be made provided they do not exceed the account's maximum amount.

This lack of restriction is expected to suit regular savers - particularly those paying in via standing order.

If 30 days' notice is provided, customers can make four withdrawals per year before loss of interest.

Sam Jackson

Money Dashboard