A competitive five-year fixed-rate bond has been launched by Chelsea Building Society, aimed at savers with larger investments.
The Fixed Rate Bond to 30.4.18 pays a rate of 2.50% annually, whilst those seeking a monthly return will receive a rate of 2.47%.
Investments range between £1,000 and £2 million and further additions can be made whilst the issue is open.
Early access to money is not permitted during the term.
The account can be operated in branch or by post by savers of all ages and can be opened in trust for youngsters aged 12 and under.
This new bond offers an attractive savings deal to those looking to invest over a longer term, although as with most fixed-rate bonds, savers must be willing to tie up their money for the full five-year period. Four out of five Moneyfacts Stars have been awarded.
Search all savings accounts 4 & 5 year fixed rate bonds
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