Chelsea Building Society will be offering a new range of fixed rate savings deals from this weekend.
The new issues of the one-year and two-year savings options offer an annual savings interest rate of 4.5 per cent annual equivalent rate (AER) if interest is taken yearly.
Those who would like to receive their interest every month will be paid a savings interest rate of 4.41 per cent AER.
Savings accounts can be opened with a minimum investment of £1,000 and up to £500,000 can be saved in the savings account.
A penalty equalling 90 days' interest will be charged if money is withdrawn before the end of the fixed rate period.
After this period, unlimited and immediate withdrawals are permitted without incurring a penalty.
Chelsea is the sixth largest building society in the UK with assets of over £8.9 billion.
The society has over 125 years of banking experience. Last year, Chelsea was voted the Best Mortgage Lender, Best Building Society Lender and Best Buy to Let Lender of the Year – Gold Award at the 2004 Financial Awards.
Savings accounts launched by Chelsea
Savings accounts launched by Chelsea
Fri, 25 Nov 2005
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