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Chelsea change over 50’s account for the better

Chelsea change over 50’s account for the better

Category: Savings

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 It is now over 6 months old so the content may be out of date.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 is causing a stir amongst the over 50's with the launch of a new market leading savings account.

Giving a makeover to the Senior Savers account, the newly named Over 50's Instant account sees the minimum age reduced to 50 and the maximum investment increased to £50K.

It is now also a pure instant access account, while the improved monthly interest rate of 2.47% beats all comers in the over 50's market. It's none too shabby when compared with the overall easy access account market either.

The excellent rate without relying on a bonus also makes it ideal for those not keen on constantly moving their money around.

Its all round improvement earns the account 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 Any products featured may be withdrawn by their provider or changed at any time.