Cheshire's Premier Postal Savings Account available at branches

Cheshire Building Society has re-launched its competitive Premier Postal Savings Account and due to popular demand has made the account available throughout its branch network.

The competitive 5.75% gross/5.42% AER which includes an introductory bonus of 1.00%, is guaranteed until the 31st May 2009.

Subject to holding a minimum balance of £5,000, investors can save up to £50,000 and can withdraw up to £500 by cheque per request. Its easy access gives savers flexibility as well as the benefit of one of the best rates available in the market.

"The Premier Postal Savings Account gained such a positive response that we decided to introduce it into our branches and by making the savings account more readily available we can offer extended choice and flexibility to members," said David Gibson, Senior Marketing Manager for Cheshire Building Society. "Savers are able to access their account easily whilst benefiting from a competitive rate of return."

Investors over the age of 18 can open a Premier Postal Savings Account with a minimum investment of £5,000 by applying by post or visiting a branch. Further information can be found on the Society's website at thecheshire.co.uk or by calling the Customer Contact Centre on 0845 055 5995 (Calls cost four pence per minute from a standard BT landline. Calls from other operators may vary and calls from mobiles will cost considerably more). Lines open 8am -8pm weekdays, 9am - 4pm Saturday. For security and training purposes, telephone calls may be monitored or recorded.

The ‘AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if it was paid and compounded once each year.

The ‘Gross' rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

Rates are correct as at 30th September 2008. The interest rate is variable and is paid annually and calculated as at 31st December.