Chelsea Building Society Double Guaranteed savings account launched

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Chelsea Building Society Double Guaranteed savings account launched

Tue 18th Jul 2006

Chelsea Building Society has announced the launch of its latest savings product which will become available on July 19th.

The Chelsea Building Society Double Guaranteed savings account will firstly guarantee to return a gross annual interest amount at least 0.50 per cent above the Bank of England base rate until May 2nd 2007.

Secondly, savers are guaranteed to receive a gross annual interest rate at least the same as the base rate in the period between May 2nd 2007 and the same date in 2008.

Investments in the Chelsea Building Society Double Guaranteed savings account can range between £250 and £500,000.

Kerri Morgan, investment marketing manager at Chelsea Building Society, commented: "Double guarantee is our first branch-based account this year and can be opened and operated at any Chelsea branch or by post meaning it is accessible to everyone."

Chelsea is the UK's sixth largest building society, the company also offers mortgage and insurance products.

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