Chelsea BS has replaced and improved its one, two and three year fixed rate bonds.
Its one year Summer savings account is a fixed term account maturing on 2.7.10, which pays a yearly rate of 3.70% (3.64% monthly) on a minimum investment of £1K.
Its two year counterpart matures on 4.7.11 and pays the same rate on a minimum investment of £1K. The three year Summer Fixed Rate Bond matures on 2.7.12 and offers the same rate as the one and two year bonds on a minimum investment of £1K.
All three bonds allow further additions whilst the issue remains open, while early access is subject to 180 days' loss of interest, both of which are a definite plus.
The one year option is certainly the stand out product of the three, sitting within the top six short term bonds.
The two and three year bonds are by no means uncompetitive, falling in the top quartile of their respective fields.
All three bonds have been awarded four out of five Moneyfacts stars.
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