Chelsea Building Society Guarantee 50 (4th Issue) launched
www.moneynews.co.uk > Mortgages > Chelsea Building Society Guarantee 50 (4th Issue) launched
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Money News |
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Chelsea Building Society Guarantee 50 (4th Issue) launched
Fri 26th May 2006
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Minimum opening investments on the account are £500 and the rate is guaranteed not to fall lower than 0.25 per cent below the Bank of England's base rate until October 10th 2007.
When wanting to make a withdrawals customers need to give 50 days prior written notice or else a penalty of 50 days loss of interest on the amount withdrawn is incurred.
The Chelsea Guarantee 50 (4th Issue) pays annual interest on the November 1st each year, but Chelsea Building Society points out that: "There is also a monthly interest option available if required".
As inflation rates continue to rise, customers want control over their investments and Chelsea Building Society Guarantee 50 (4th Issue) will allow instant access to the investment account from October 11th 2007.
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