Chelsea fixed rate options launched
www.moneynews.co.uk > General finance > Chelsea fixed rate options launched
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Money News |
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Chelsea fixed rate options launched
Fri 6th Jan 2006
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The range includes a one-year and a two-year fixed rate option and will take effect on Saturday, the building society said.
The one-year option comes with a minimum opening investment of £1,000 and a gross annual rate of 4.7 per cent. It remains fixed until March 20th next year.
A 4.75 per cent gross rate per annum applies to the two-year fixed rate, which will stay fixed until March 20th 2008.
The news comes as the current year's Chelsea fixed rate options are withdrawn at the close of business today, January 6th.
Kerri Morgan, investment marketing manager, said: "For a medium term tie-in, these accounts offer a great rate of interest and allow customers to choose either a one or two-year fixed rate option."
Chelsea is Britain's sixth largest building society and has over 80,000 borrowers.
Related News : General finance |
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