Notice accounts
A range of savings accounts and savings Bonds which are aimed at people who are happy to give notice of withdrawals, or can leave their savings untouched for a period. Both monthly and annual interest options are also available.
Fixed Rate Bond to 31/08/2013 (no access)
- Minimum account opening balance £1,000
- Save from £1,000 to £500,000* per saver (maximum of 2 savers allowed)
- Interest fixed until 31 August 2013
- Interest earned from £1 and paid on 31 August 2011, 31 August 2012 and 31 August 2013
- Monthly interest option also available
- No further deposits allowed once Bond is withdrawn
- No withdrawals or early closure allowed
- Passbook operated.
3.50%
gross pa/AER
No withdrawals or early closure allowed
Fixed Rate Bond to 31/10/2012 (no access)
- Minimum account opening balance £1,000
- Save from £1,000 to £500,000* per saver (maximum of 2 savers allowed)
- Interest fixed until 31 October 2012
- Interest earned from £1 and paid on 31 October 2011 and 31 October 2012
- Monthly interest option also available
- No further deposits allowed once Bond is withdrawn
- No withdrawals or early closure allowed
- Passbook operated.
3.00%
gross pa/AER
No withdrawals or early closure allowed
Chelsea 60 Day Notice
- Minimum account opening balance £1
- Save from £1 to £500,000* per saver (maximum of 2 savers are permitted)
- Interest paid annually on 1 June. Monthly interest option available.
- Withdrawals allowed subject to 60 days' notice or immediately with 60 days' loss of interest†
- Passbook operated.
2.25%
gross pa/AER variable
on £1 & above
Withdrawal restrictions apply
Ascension 45
- Save from £1 to £500,000* per saver
- 0.15% pa bonus paid to 18 August 2011
- Underlying rate guaranteed to be at least Bank of England Base Rate until 18 August 2011
- 45 day notice period for withdrawals up to 18 August 2011. After that no notice of withdrawals required
- Maximum of 2 savers are permitted. One account per saver
- Interest paid annually on 1 December
- Passbook operated.
Westminster
- Save from £100 to £500,000* per saver
- Rate guaranteed to be at least Bank of England Base Rate
- Withdraw up to £10,000 without loss of interest
- 50 days notice for withdrawals over £10,000
- After 2 November 2011 no withdrawal limits and no notice required
- Maximum of 2 savers are permitted. One account per saver
- Interest earned from £100 and paid annually on 1 December
- Monthly interest option also available
- Passbook operated.
Gross rate is the interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.
AER stands for Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
If the Bank of England Base Rate changes before this date, we will change the interest rate on the account where necessary (which could be up or down) within 30 days.
* Provided your total savings in this and all other Chelsea accounts does not exceed £2 million.
† If a withdrawal is made without notice an equivalent of 60 days' loss of interest on the amount withdrawn will be applied. If the interest accrued on the date of withdrawal is insufficient to meet the loss of interest, this will be deducted from the account balance. This means that you would not get back the original money deposited. Please bear this in mind when requesting or making a withdrawal without prior notice.
‡ If a withdrawal is made without notice an equivalent of 120 days' loss of interest on the amount withdrawn will be applied. If the interest accrued on date of withdrawal is insufficient to meet the loss of interest, this will be deducted from the account balance. This means that you would not get back the original money deposited. Please bear this in mind when requesting or making a withdrawal without prior notice.
Chelsea Building Society and the Chelsea are trading names of Yorkshire Building Society. Principal office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ. Yorkshire Building Society is a member of the Building Societies Association and is authorised and regulated by the Financial Services Authority. It is entered in the FSA register and our FSA registration number is 106085.
This site is intended for UK Residents unless otherwise stated. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.
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Get in touch with us:
- Call us:
http://www.thechelsea.co.uk/contact/index.html - Find a branch:
http://www.thechelsea.co.uk/contact/branch_finder.html - Manage your accounts online:
http://www.thechelsea.co.uk/security/online_help.html