Call Direct Advantage

Key features

  • 4.20% gross pa+/AER* variable (currently 3.36% net pa+)
  • Save from £250, up to a maximum of £250,000 per saver (maximum of two savers are permitted)
  • Withdraw cash at LINK ATMs using a Chelsea card++
  • Secure telephone withdrawals into your nominated bank or building society account+++
  • The choice of annual or monthly interest
Latest interest rates (from 21 April 2008**)
Balance Annual interest Monthly interest
Gross pa+/AER* Net pa+ Gross pa+ Net pa+ AER*
£250 plus 4.20% 3.36% 4.12% 3.30% 4.20%
Interest will not be paid during a period when the account balance falls below £250.

Interest is paid annually on 1 June.

Using the Chelsea card

  • You can withdraw up to £200 depending on your account balance from any of the thousands of LINK cash machines
  • We won't charge you for using ATMs at other financial institutions
  • You can also check your balance and change your PIN at some machines

The automated telephone service

  • Transfer a minimum of £250 to your nominated bank or building society account
  • Password protected

* 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.
+ Net interest equals gross interest less income tax at the rate specified by law.
**If there is a change in the Bank of England Base Rate after this date, the interest rates on all Chelsea savings accounts will be reviewed.
*** Provided that your total savings in this and all other Chelsea accounts does not exceed £2 million.
++ Maximum withdrawal £200 per day.
+++Minimum withdrawal £250.

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