Let's celebrate 30!
16 July 2007
30 years ago we first felt the force of STAR WARS in our cinemas
30 years ago SKATEBOARDS rolled in to our lives as the must have craze
30 years ago JOHN TRAVOLTA danced his way into fashion history with his white polyester trousers
30 years ago ABBA had another No 1 hit with 'Knowing me Knowing you'
Chelsea, the UK's 6th largest building society also has a reason to celebrate all things 30 with the launch of its Call Direct 30 (2nd Issue).
'This product offers a fantastic rate of interest and combined with the great guarantees shows once again that Chelsea is committed to offering its members competitive and market leading accounts' said Jenny Hudd Savings Marketing Manager.
Key details of this account which is launched on 18 July 2007 are:-
| Account name | Minimum opening investment |
Annual Rates
|
Monthly rates
|
AER2 | ||
|---|---|---|---|---|---|---|
| Gross pa1 | Net pa1 | Gross pa1 | Net pa1 | |||
Call Direct 30 (2nd Issue) |
£250 |
6.25% | 5.00% | 6.08% | 4.86% | 6.25% |
The interest rate is guaranteed to be no lower than the Bank of England base rate for the first year of saving THEN guaranteed to be no lower than 0.25% below Bank of England base rate until 15 January 2009.
From 18 July 2007 to 15 January 2009 withdrawals5 can be made penalty free with 30 days' prior notice. Within this period, notice free withdrawals are subject to a penalty equivalent to 30 days' loss of interest on the amount withdrawn.
First annual interest payment date is 1 June 2008, then annually thereafter.
To find out more about Call Direct 30 (2nd Issue), visit us at your local Chelsea branch, or call the savings information line on 0800 432 00884.
Notes
- Gross pa/Net pa: Net interest equals gross interest less income tax at the rate specified by law
- AER: 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
- Provided that the account holder’s total investment in the Chelsea does not exceed £2 million
- This is an automated line and is open 24 hours. Calls to this number may be recorded and/or monitored for security, training and customer service purposes
- Minimum withdrawal is £250
- Withdrawals and transfers are only permitted by phone or post
- Chelsea is the 6th largest building society with assets of £11bn
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.
