Monthly Saver

Only available in our branches.
Rates guranteed to track Bank Rate until 31 July 2012
£10 minimum deposit.
£250 maximum monthly investment.
£1,000,000 maximum balance.
Interest is variable and paid to the account annually on 31 July.
1 withdrawal permitted until 31 July 2011, standard rate of interest payable on 2nd withdrawal. Unlimited withdrawals from 1 August 2011.
Conditional Bonus is applicable until 31 July 2011, conditions apply*.
Please read the Key Product Information (on page 2) for this account before you apply.

Save regularly and be rewarded

With our Monthly Saver account you can save from £10 to £250 per month. You can still earn our Conditional Bonus rate of interest even if you make one withdrawal and miss one monthly payment.

The easiest way to add to your savings each month is by Standing Order from another account. Alternatively you can make payments over the counter at any branch of Derbyshire Building Society.

Interest Rates	Gross p.a./AER
Until 31 July 2011
Standard Rate	Bank Base Rate +1.50% variable (currently 2.00%)
Conditional Bonus Rate	Bank Base Rate +3.50% variable(currently 4.00%)
1 August 2011 to 31 July 2012
Interest Rate Guarantee	Bank Base Rate +1.50% variable(currently 2.00%)
1 August 2012 onwards
Variable Interest Rate

+ AER including Conditional Bonus. Definitions of 'Gross p.a.' and 'AER' can be found in our glossary of terms. Bank Base Rate is the Bank of England’s Official Bank Rate and is currently 0.50% as at 19 October 2009.

How it works

Opening:	Apply in Branch ONLY. You can open this account by cheque or cash.
Pay money in:	By Standing Order (form available here ), or in branch. Payments to be made regularly.
Take money out:	1 withdrawal allowed until 31 July 2011. Exceeding this will result in payment of the Standard interest rate.

* Qualifying for the Conditional Bonus rate You will receive interest at the bonus rate on 31 July 2011 if you:

Save from £10 to £250 each month and miss no more than one monthly payment between opening and 31 July 2011.
Do not make more than one withdrawal in the account year.

You will qualify for the Conditional Bonus Rate on closure if you:

Have missed no more than one monthly payment in the account year.
Have not made more than one withdrawal in the account year.

Even if you do not qualify for the Conditional Bonus Rate, you will receive interest at the Standard Rate. After 1 August 2011 there is no Conditional Bonus Rate applicable.

For example, if you save £100 a month for 12 months until 31 July 2011 into our Monthly Saver and make no withdrawals, you would earn £25.98 gross interest on 31 July 2011 based on the current Conditional Bonus Rate of 4.00% gross p.a./AER (variable).

You can download the insert here Monthly Saver Key Product Information.

Click here to take a look at our account terms brochure.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Derbyshire Building Society is a trading division of Nationwide Building Society which is authorised and regulated by the Financial Services Authority under registration number 106078. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. You can confirm our registration on the FSA's website, www.fsa.gov.uk or by contacting the FSA on 0300 500 5000. Head Office: Nationwide House, Pipers Way, Swindon, Wiltshire SN38 1NW. This site is intended for UK residents unless otherwise stated.