Double your reason to save at Chelsea

From Saturday 27 October 2007 there is even more reason to open a savings account with Chelsea.

Chelsea is increasing the rate on its competitive branch based account, Double Guarantee (2nd Issue) by 0.10% to a whopping variable 6.50%. The account which offers not just one guarantee but two has just got better!

Double Guarantee (2nd Issue) guarantees to be at least 0.25% above the Bank of England Base Rate until 15 October 2008. From 16 October 2008, the interest rate is guaranteed to be at least the same as the Bank of England Base Rate up to and including 15 October 2009.

The account carries two guarantees:

Guarantee 1 – gross annual interest rate to be at least 0.25% above the Bank of England Base Rate up to and including 15 October 2008

Guarantee 2 – from 16 October 2008, gross annual rate to be at least the same as the Bank of England Base Rate up to and including 15 October 2009

From 16 October 2009, the interest rate will be guaranteed to be at least the same as our Branch Instant account.

First annual interest payment date is 1 October 2008 and annually thereafter. A monthly interest option is also available.

To find out more about Chelsea Double Guarantee (2nd Issue), visit thechelsea.co.uk.