Chelsea bonds challenge for honours - Savings - News - Moneyfacts


Chelsea bonds challenge for honours

Chelsea bonds challenge for honours

Category: Savings

Updated: 10/06/2009
First Published: 10/06/2009

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 It is now over 6 months old so the content may be out of date.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 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.

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 Any products featured may be withdrawn by their provider or changed at any time.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

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!