Chelsea Building Society launches "improved" ISAs

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Chelsea Building Society launches "improved" ISAs

Chelsea Building Society has announced that it has "improved" the individual savings accounts (ISAs) it offers, in an effort to make them more competitive.

The UK's fifth-largest building society says that the interest rates are now "highly competitive" and the ISAs allow savers to transfer money out as well as in.

Chelsea Building Society's Postal 30 Cash ISA now pays an interest rate of three per cent on balances of over £6,000 and the second issue of its Cash ISA pays two per cent for balances over £6,000.

Jenny Hudd, Chelsea's savings product manager, said: "We're delighted to be able to offer these highly competitive ISAs. We improved these accounts in response to feedback from our members."

Recently, NatWest announced the launch of a new ISA which offers an interest rate of 3.51 per cent on balances of more than £10,000 and 3.25 per cent for balances of less than that amount.

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