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.

For more information, visit:
thechelsea.co.uk/savings/online/fixed-rate-ebond-1yr.html