Guarantee 60

3 January 2007

Chelsea Building Society has announced the launch of Chelsea Guarantee 60 with effect from Wednesday 20 December 2006.

Details of Chelsea Guarantee 60 are as follows:
Account name Minimum opening investment
Annual Rates
Monthly rates
AER2
Gross pa1 Net pa1 Gross pa1 Net pa1
Chelsea Guarantee 60 £500
(max £250,000)3		 5.00% 4.00% 4.89% 3.91% 5.00%
The variable rate is guaranteed to be no lower than 0.25% below Bank of England Base Rate up to and including 3 June 2008.

Annual interest is first paid on 1 December 2007 and annually thereafter. A monthly interest option is also available if required.

Withdrawals until 3 June 2008 can be made penalty-free subject to 60 days' prior written notice. Notice-free withdrawals are subject to 60 days' loss of interest on the amount withdrawn. The account becomes instant access from 4 June 20084.

To find out more about Chelsea Guarantee 60 call the savings information line on 01242 283593 or visit your local branch.

Calls to the Society may be recorded and/or monitored for security, training and customer service purposes

Notes

  1. Gross pa/Net pa: Net interest equals gross interest less income tax at the rate specified by law
  2. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Withdrawals may affect the AER.
  3. Provided that the account holder’s total investment in the Chelsea does not exceed £1 million.
  4. Withdrawals are subject to daily limits – you can normally withdraw up to £250 in cash or £5,000 by cheque on demand. Larger sums by cheque may be withdrawn in a few days.
  5. Chelsea is the UK’s 6 th largest building society with assets of over £10bn.

For more information contact Vicki O'Connell on 01242 271466 or Susie Ratcliffe on 01242 271332

This page must be read in conjunction with the Information for Chelsea savers page.

Return to the latest press releases