Chelsea fixed rate options launched

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Chelsea fixed rate options launched

The new range of fixed rate options available from Chelsea Building Society has been launched and includes one and two year deals.

The Chelsea fixed rate option one and two-year offers come with a rate of 4.5 per cent annual equivalent rate (AER).

Both will see interest paid for the first time in February 2007 and annually thereafter.

However, if withdrawals are made before the end of the fixed rate period, customers will be subject to a penalty payment, which is equivalent to 90 days loss of interest on the withdrawn amount.

The new Chelsea fixed rate options are available from Saturday, November 26th.

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