Short Term Winter Fixed Rate Bond
Summary box
Key product information for our savings account
Key product information for our savings account
| Account name | Short Term Winter Fixed Rate Bond (2nd Issue) |
|---|---|
| Interest rates (AERs) | 4.55% AER* 4.50% gross pa+ 3.60% net pa+ Interest rates are fixed from 13 December 2008 until 1 July 2009 |
| 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| Withdrawal arrangements | A withdrawal penalty equivalent to 90 days' loss of interest on the amount withdrawn applies from the day the account is opened up to and including 30 June 2009 |
| Access | Branch/post |
Key features
- To request an information pack please call us on 0800 121 8822
- Once this account has been withdrawn to new savers, you cannot make further deposits
- From 2 July 2009, this account will become Branch Instant (which is a variable, instant access account) and all withdrawals will be penalty free. Alternatively, we may offer you a further fixed rate
- Save from £1,000 to £500,000** per saver (a maximum of 2 savers are permitted)
- Interest will be earned from £1. It is first paid on 1 July 2009
- Passbook operated
- AER assumes account opened on 13 December 2008
+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 will affect the AER
**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.
