Derbyshire BS launch regular saver - 8.00%

Kazza242 · 1 August 2007 at 8:44AM

Derbyshire BS have launched a regular savings account, called Loyalty Saver paying 8.00%.

Account Details:

- Monthly deposits from £10 - £250.

- Minimum investment £10 and maximum £1M.

- Account term: Ongoing. See maximum investment above.

- Rate guaranteed to be 8.00% for 12 months, then guaranteed to be Bank of England base rate + at least 2.00% for 12 months and then match Bank of England base rate until further notice.

- 4 withdrawals permitted per annum.

- Account operated via Derbyshire branch. A passbook is issued.

- Interest paid on the anniversary.

- Open to Existing Derbyshire members.

- Account Option: 120+ month membership for the 8.00% account.

Important: Derbyshire also offer other Loyalty Saver regular savings accounts that differ in rate depending on how long you've been a Derbyshire member. The rate of 7.50% for 97 - 120 month membership, 7.25% for a 73 - 96 month membership, 7.00% for a 49 - 72 month membership, 6.75% for a 25 - 48 month membership and 6.50% for a 12 - 24 month membership.

Derbyshire BS have now added information on the Loyalty Saver to their website. Click on the link below, where you will also find links to an application form:

Derbyshire BS Loyalty Saver

Also, See details via the Moneyfacts website, here.

Kazza242 · 1 August 2007 at 9:12AM

Derbyshire have also launched another regular savings account, called Season Saver. It pays 6.53% AER.

- Monthly deposits between £10 - £100.

- Maximum investment £1,000

- Operated via the branch or post.

- Matures on 31 May 2008.

More details here.

mary · 1 August 2007 at 9:42AM

So, nothing good for non members then?

Speculator · 1 August 2007 at 9:59AM

3 more years and I will be on 8%!

Didn't realise I've been with them for 7 years already!

Old_Slaphead · 1 August 2007 at 10:34AM

Never thought I'd say this but good old DBS - 2 x 8% RS coming up

Kazza242 · 1 August 2007 at 12:54PM

mary wrote: »

So, nothing good for non members then?

I called Derbyshire this morning and asked about that. The adviser said that the Season Saver and 6.00% (ongoing) regular saver were available to non members.

mary - I thought you had two regular savers with the Derbyshire? When they decreased the rate last summer I moved most of the money to Coventry First. However I kept both regular savers open and made minimum monthly payments.

Speculator · 1 August 2007 at 1:05PM

Print off application form here. http://www.thederbyshire.co.uk/savings/apply_now.aspx?ekmensel=700a2084_311_0_3365_1

The person I spoke to said that a standard savings application form is acceptable.

mary · 1 August 2007 at 4:36PM

Kazza242 wrote: »

I called Derbyshire this morning and asked about that. The adviser said that the Season Saver and 6.00% (ongoing) regular saver were available to non members.

mary - I thought you had two regular savers with the Derbyshire? When they decreased the rate last summer I moved most of the money to Coventry First. However I kept both regular savers open and made minimum monthly payments.

I closed them down and moved all the money to Coventry, and as the anniversary is up now this week, I'm on the move again to putting the lump into Sainsburys. I didn't retain the Derbyshire, as I didn't know that such things as Loyalty Regular Savers were a possibility.

Their Season Saver and regular saver, are not worth the hassle IMO.

Thanks for thinking of me.

bristolleedsfan · 1 August 2007 at 4:46PM

mary wrote: »

I closed them down and moved all the money to Coventry, and as the anniversary is up now this week, I'm on the move again to putting the lump into Sainsburys. I didn't retain the Derbyshire, as I didn't know that such things as Loyalty Regular Savers were a possibility.

Their Season Saver and regular saver, are not worth the hassle IMO.

Thanks for thinking of me.

im suprised u didnt move 100.00 into derbyshires online saver, always worth keeping 100.00 in a building society account, nobody knows what their future holds. :cool:

mary · 1 August 2007 at 4:48PM

bristolleedsfan wrote: »

im suprised u didnt move 100.00 into derbyshires online saver, always worth keeping 100.00 in a building society account, nobody knows what their future holds. :cool:

Lesson learned!

Kazza242 · 1 August 2007 at 6:17PM

mary wrote: »

I closed them down and moved all the money to Coventry, and as the anniversary is up now this week, I'm on the move again to putting the lump into Sainsburys. I didn't retain the Derbyshire, as I didn't know that such things as Loyalty Regular Savers were a possibility.

Their Season Saver and regular saver, are not worth the hassle IMO.

Thanks for thinking of me.

Oh well not to worry. I'll also be on the move from Coventry, in a couple of months when the bonus expires.

Speculator wrote:

Print off application form here. http://www.thederbyshire.co.uk/savin...4_311_0_3365_1

The person I spoke to said that a standard savings application form is acceptable.

I was told the same when I called Derbyshire this morning - but I haven't had time to post further until now. I was also told that, once savers had opened an account they would automatically start earning the next highest rate available - once the required number of months of membership was reached.

E.g. a saver has been with the Derbyshire for 95 months so qualifies for the 7.25% rate. After two months the saver will automatically begin being paid 7.50%, as he/she will then have been a Derbyshire member for 97 months.

Derbyshire BS launch regular saver - 8.00%

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