Chelsea savings accounts Christmas prize draw announced

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Chelsea savings accounts Christmas prize draw announced

Chelsea Building Society has announced an extra incentive to persuade people to begin thinking about the cost of next Christmas with a special prize draw for its Christmas Saver customers.

All those who hold a Christmas Saver account from November 21st this year will be automatically entered into the Christmas prize draw, which will see the winner take home a luxury food hamper worth £250.

Recent research by Halifax revealed that many people were planning on taking out loans to cover the cost of last Christmas and may still be paying them off now.

Jenny Hudd, Chelsea's savings product manager, said: "By starting to save now, account holders can look forward to spending their hard-earned money at Christmas - rather than trying to find it."

Chelsea recently announced that it had "improved" its range of individual savings accounts, which offer tax-free savings and pay interest of up to three per cent.

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