Derbyshire reduces rates

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The Derbyshire (Isle of Man) has reduced its rates on its Manx Bonds as the company anticipates the ...

The Derbyshire (Isle of Man) has reduced its rates on its Manx Bonds as the company anticipates the UK base rate will start falling next month. Both the one-year and three-year Manx Bonds have been reduced by 0.15% for Issue 32. The one-year bond, previously 4.75%, will now pay 4.60% and the two-year bond, previously 4.65%, will now pay 4.50%. The rate for the five-year Manx Bond is to stay at 4.65% and instead the product is to become a loyalty bond that will only be available to existing customers.

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