Chelsea launches new fixed rate options

Chelsea Building Society has launched a new range of Fixed Rate Options.

The range includes a new 1 Year, 2 Year and ClicknSave Fixed Rate Option effective from Saturday 27 January 2007.

The current 1 Year Fixed Rate Option (23rd Issue), 2 Year Fixed Rate Option (23rd Issue) and ClicknSave Fixed Rate Option (13th Issue) are being withdrawn at close of business on Friday 26 January 2007.

For all options, annual interest is first paid on 1 February 2008 and annually thereafter. A monthly interest option is also available if required.

Withdrawals made before the end of each Fixed Rate period will be subject to a penalty equivalent to 90 days loss of interest on the amount withdrawn.1 After the Fixed Rate period, immediate penalty free withdrawals are permitted.