90 Day Notice account (3rd Issue)
Rates effective from 4 April 2009


Summary box
Key product information for our savings account

Account name 90 Day Notice account (3rd Issue)
Interest rates (AERs)

 Annual
2.10% gross pa+ /AER*    1.68% net pa+

Variable interest rates effective from 27 March 2009
Guaranteed to be at least 0.50% above Base Rate until 6 October 2010**
Monthly
2.08% gross pa+    1.66% net pa+    2.10% AER*

Variable interest rates effective from 27 March 2009
Guaranteed to be at least 0.50% above Base Rate until 6 October 2010**
Tax status Interest is paid net of tax. However provided we receive a valid R85 form interest will be paid gross to non taxpayers
Conditions for bonus payment Not applicable
Withdrawal arrangements Penalty free withdrawals++ with 90 days' prior written notice until 6 October 2010, or immediate access subject to a penalty equivalent to 90 days' loss of interest on the amount withdrawn††
Access Branch/post


Key features

  • To request an information pack call us on 0800 272 505 or click here to submit your details via email
  • From 7 October 2010, this account will become Branch Instant (which is a variable, instant access account) and all withdrawals will be notice and penalty free
  • Save from £250 to £500,000*** per saver (a maximum of 2 savers are permitted)
  • Interest will be earned from £250. It is paid annually on 1 April. Monthly interest also available
  • Passbook operated

+Net interest equals gross interest less income tax at the rate specified by law
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added to the account each year. Withdrawals may affect the AER
** If the Bank of England Base Rate changes before this date, we'll change the interest rate on the account where necessary (which could be up or down) within 30 days.
++ Up to £500 cash or £5,000 by cheque may be withdrawn immediately over the counter in a branch. Larger sums may be withdrawn by cheque in a few days.
†† If you make a withdrawal without notice and interest accrued as on date of withdrawal in your account is insufficient to meet the penalty, then this will be deducted from the account balance. This means that you would not get back the original moneys deposited. Please bear this in mind when requesting or making a withdrawal without prior notice.
*** Provided that your total savings in this and all other Chelsea accounts does not exceed £2 million.

Chelsea Building Society subscribes to the Banking Code, a copy of which is available on request.