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.
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