Chelsea two year savings bond returns 3.40%

Chelsea Building Society is adding to its savings portfolio with a new fixed term bond offering a competitive return.

The bond, which matures on 30 September 2014, gives a return of 3.40% gross/AER.

Chelsea Building Society product manager Emma Golden said: "We've added this to our portfolio of fixed rate savings products to give customers more choice.

"We know savers are unwilling to lock away their cash for too long at present so we want to offer them more options.

"As a mutual, our members come first so we always listen to them so we can offer the types of products they want."

Savers can invest between £1,000 and £2 million in the new bond, and can choose to receive their interest either monthly or annually.

For more information, visit thechelsea.co.uk.