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New tiers introduced by Chelsea

New tiers introduced by Chelsea

Category: Savings

Updated: 30/09/2009
First Published: 30/09/2009

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 It is now over 6 months old so the content may be out of date.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 made positive changes to three of its products – excellent news for investors.

The new tiers are as follows: Over 50's Instant: £200 - 2.47% (no change), £25K - 2.72% (new tier +0.25%). Postal 30 Cash ISA: £10 - 2.60% (nc), £6K - 3.00% (nc), £15K - 3.25% (new tier + 0.25%), £25K - 3.50% (new tier +0.50%).

Branch Instant cash ISA: £10 - 1.60% (nc), £6K - 2.00% (nc), £15K - 2.50% (new tier +0.50%), £25K - 3.00% (new tier +1.00%), monthly option £10 - 1.59%, £6K - 1.98%, £15K - 2.47%, £25K - 2.96%.

The changes to the Over 50's account improves its position in the market and should appeal with clients with funds to invest, while the higher tiers on both cash ISAs should prove popular with clients looking to house their previous ISA subscriptions. Transfers from other providers are allowed.

The Postal 30 Day ISA at £15K is one of the highest variable rates on the market and should prove popular.

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 Any products featured may be withdrawn by their provider or changed at any time.