Savers choose short term Chelsea savings bond
Savers unwilling to tie up their cash long-term are choosing the latest best buy savings bond from Chelsea Building Society, which offers a return of 3.55% gross/AER.
"Continuing worries over the economy are creating a real dilemma for savers," said Chelsea Building Society product manager Emma Golden.
"In a time of uncertainty people want a secure home for their money but they are unwilling to lock it away for the longer term.
"One year bonds are a popular choice at present and this latest Chelsea bond offers a best buy return of 3.55%."
Savers can invest between £1,000 and £2 million in the new bond, which matures on 31 August 2013, and interest can be paid either monthly or annually.
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