Bring in the spring with Chelsea - Savings - News - Moneyfacts


Bring in the spring with Chelsea

Bring in the spring with Chelsea

Category: Savings

Updated: 27/04/2009
First Published: 27/04/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Chelsea BS has continued its recent expansion of its product portfolio with the addition of a one year spring fixed rate bond (3rd issue).

The account matures on 21.5.10 and pays a rate of 3.80% yearly (3.74% monthly) on a minimum investment of £1K. The rate is a 0.15% improvement on the bond it replaces.

It sits just below the current market leader in its field and will appeal to people looking to supplement their income with its attractive monthly option.

The flexibility to add to the bond whilst the issue remains open is a further positive, as is the option for early access (subject to 180 days' penalty).

The product has been awarded four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Best savings rates

Get a snapshot of the top best buy savings accounts, fixed rate bonds and cash ISAs to help you get more from your money.

Average five-year fixed bond rate falls below 2%

Long-term fixed rate bonds used to be the top solution for savers looking to get a decent return on their savings, but unfortunately, times have changed, with our latest data revealing that the average five-year rate has fallen to a new record low.

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.