A new range of fixed rate savings accounts has been launched by Chelsea Building Society today.
The 16th issue of the one-year fixed rate savings account offers a savings interest rate of 4.5 per cent gross pa, which is paid annually. Savings account holders who want to receive monthly interest are offered a savings interest rate of 4.41 per cent.
This savings account requires a minimum opening investment of £1,000 and savings account holders can save up to £500,000 in this savings account.
Chelsea has also launched a fixed rate savings account over two years. Issue 17 of this savings account offers the same savings interest rates and minimum and maximum investments as the one-year fixed rate savings account.
The one-year savings account is fixed until November 28th 2006 and the two-year savings account until the same date in 2007.
Penalty charges apply to withdrawals made before these dates are reached. After these dates however, withdrawals are immediate and penalty-free.
Chelsea is the UK's sixth largest building society with assets of more than £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.
New Chelsea savings accounts launched
New Chelsea savings accounts launched
Thu, 20 Oct 2005
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