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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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.