Dunfermline Building Society puts the heat on summer savings

Dunfermline Building Society, now a trading division of Nationwide Building Society, has announced a series of new savings products, which offer some of the best rates on the Scottish High Street. The sizzling summer bonds are the ideal way to beat the savings blues with fixed rates starting at up to 3.75% gross p.a./AER for a one year bond rising to up to 4.5% gross p.a./AER for the three year product.

A two year bond, offering a fixed rate of up to 4.15% gross p.a./AER is also available through the Dunfermline Building Society branches or via Dunfermline Direct on 0844 844 4400*.

All the products are available to new as well as existing customers. The one and two year bonds can be opened with a deposit of just £100 while the three year product has a minimum £1000 balance. Customers can deposit up to £1,000,000 and whilst no withdrawals are allowed, customers can continue to deposit funds whilst the bonds remain open. Interest can be paid on a monthly or annual basis.

Rudolf Heaf, Head of Sales and Marketing, Nationwide Regional Brands, said:

“These new bonds represent competitive rates at a time when savers have been worried by low interest rates. They are some of the best available on the Scottish High Street and compare very well with others across the UK.

“This announcement underlines our commitment to continuing to offer Scottish savers excellent value and choice through one of the country’s most recognisable brands.”