Let's celebrate 30!

16 October 2007

Chelsea, the UK’s fifth largest building society, announces the launch of Call Direct 30 (4th Issue) on Saturday 20 October 2007.

The current Call Direct 30 (3rd Issue) will be withdrawn at close of business on Friday 19 October.

Key details of this account are as follows:

Account name Minimum opening investment
Annual Rates
Monthly rates
AER2
Gross pa1 Net pa1 Gross pa1 Net pa1

Call Direct 30
(4th Issue)

£250
(max £250,000) 4

 6.40% 5.12% 6.22% 4.98% 6.40%

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 July 2009.

Before 16 July 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 Within this period, notice free withdrawals are subject to a penalty equivalent to 30 days’ interest on the amount withdrawn. From 16 July 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 (4th Issue), visit us at your local Chelsea branch or call the savings information line on 0800 432 0088 3.

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. This is an automated line
  4. Provided that the account holder’s total investment in the Chelsea does not exceed £2 million
  5. Minimum withdrawal is £250
  6. Withdrawals and transfers are only permitted by phone or post
  7. Chelsea is the fifth largest building society with assets of over £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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