Chelsea BS launches two leading online bonds - Savings - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Chelsea BS launches two leading online bonds

Chelsea BS launches two leading online bonds

Category: Savings

Updated: 01/08/2011
First Published: 15/07/2011

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 launched two new internet bonds that should attract investors looking to tie their money up in the medium or short term.

The three year Fixed Rate E-Bond is a fixed term internet-operated account maturing 31.8.14, with a minimum investment of £1K paying 4.15% yearly (4.07% monthly).

The five year Fixed Rate E-Bond is a fixed term internet-operated account maturing 31.8.16, with a minimum investment of £1K paying 4.85% yearly (4.75% monthly).

On both account: no earlier access is permitted, but additions are allowed whilst the issues remains open.

Chelsea BS has complimented its range with the launch of new fixed rate internet operated bonds for three and five years, which are both very competitive.

The five year option paying 4.85% is particularly good and is top rate within its sector.

The three year option sits just below the market leader but is nevertheless a top ten product.

Four out of five Moneyfacts stars have been awarded.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.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

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.
 
Close