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New bond options from Chesham BS

New bond options from Chesham BS

Category: Savings

Updated: 04/08/2009
First Published: 01/05/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Chesham BS has expanded its portfolio of products with three new fixed rate bonds.

The pick of the bunch is the five year fixed term branch and postal operated account maturing on 31.5.14. It pays a rate of 4.50% yearly and monthly on a minimum investment of £50K.

This new issue goes straight into the position of market leader, although investors must be aware withdrawals are not allowed. Early closure is an option although such a move would trigger a 365 day loss of interest penalty.

The product has been awarded four out of five Moneyfacts stars.

Chesham has also released a one and three year bond.

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 Any products featured may be withdrawn by their provider or changed at any time.