New saving bonds and ISAs from Chelsea BS | Product News - Moneyfacts

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New saving bonds and ISAs from Chelsea BS

New saving bonds and ISAs from Chelsea BS

Category: Savings
Date: 21/08/2014

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 It is now over 6 months old so the content may be out of date.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 Building Society has unveiled four new saving accounts, two of which boast the top rates for their terms.

The basics…

Fixed Rate Bond and Fixed Rate e-Bond both pay a rate of 2.00% annually (1.98% monthly) to 31.8.15. The Fixed Rate ISA and Fixed Rate e-ISA also pay this rate, which is the top rate for their terms.

The finer details…

The fixed rate bonds need a minimum investment of £1,000, which cannot be accessed prior to maturity. The e-bond is opened and managed online, while the regular bond can be opened in branch or by post and operated by the same channels. While early access is not allowed, further additions are welcome.

The ISA accounts need just £100 initially. Further additions and transfers in are permitted, and early access is also an option, although this results in the closure of the account and the loss of 60 days' interest. The regular ISA can be opened and managed in branch and by post, while the e-ISA can be opened and accessed by the internet only.

Why we like them…

The ISA accounts possess the top rates for their terms, which make them very competitive in the market. Added appeal is provided by the option to access funds early, subject to closure of the account and the loss of 60 days' interest.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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