Chelsea cash ISA offers competitive return

Investors looking for a tax-free home for their savings can snap up a new cash ISA from Chelsea Building Society, paying a competitive return of 3.20% gross/AER.

The fixed rate ISA matures on 31st May 2013 and is available in branch, by telephone and online.

"We hear from customers that they are looking for more short-term savings choice when the financial climate remains so uncertain," said Chelsea Product Manager Lynne Pepper.

"We hope the launch of this new Chelsea ISA - offering a competitive rate in addition to tax free returns -  will prompt more savers to take advantage of the new tax year's ISA allowance, which has been increased from last year to £5,640."

For more information or to open an account, visit thechelsea.co.uk.