Let's celebrate 30!

30 August 2007

Chelsea, the UK’s 5^th largest building society, announces the launch of Call Direct 30 (3^rd Issue) on Saturday 1 September 2007.

The current Call Direct 30 (2^nd Issue) will be withdrawn at close of business on Friday 31 August.

Key details of this account are as follows:

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 19 March 2009.

Before 20 March 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this period, notice free withdrawals are subject to a penalty equivalent to 30 days’ loss of interest on the amount withdrawn. From 20 March 2009, all withdrawals will be notice and penalty free.

First annual interest payment date is 1 June 2008, then annually thereafter.

To find out more about Call Direct 30 (3^rd Issue), visit us at your local Chelsea branch or call the savings information line on 0800 432 0088⁴.

Notes

1. Gross pa/Net pa: Net interest equals gross interest less income tax at the rate specified by law
2. 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
3. Provided that the account holder’s total investment in the Chelsea does not exceed £2 million
4. 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
5. Minimum withdrawal is £250
6. Withdrawals and transfers are only permitted by phone or post
7. Chelsea is the 5th 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.

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