Chelsea Building Society launches new Fixed Rate Options

Chelsea Building Society will launch two new Fixed Rate Options effective from Wednesday 4 July 2007.

The current Fixed Rate Options, ending on 19 December 2008 and 19 December 2009, will be withdrawn at close of business on Tuesday 3 July 2007.

Annual interest is first paid on 1 July 2008 and annually thereafter. A monthly interest option is also available.

Withdrawals made before the end of the fixed rate period will be subject to a penalty equivalent to 90 days’ loss of interest on the amount withdrawn. After the fixed rate period, immediate penalty free withdrawals are permitted.