Are you crazy enough to miss out?

This time last year Gnarls Barkley was topping the charts with his record breaking song “Crazy”.

A year on Chelsea thinks you’d be crazy to miss out on their Bonus Savings which launches on Saturday 28 April 2007. Chelsea Bonus Savings is a branch based variable rate account which offers a conditional annual bonus if you make no more than 3 withdrawals up to a total of £2,000 in a stated period.

“This account has been designed especially for people who want to save, but may need to withdraw funds occasionally” commented Jenny Hudd, Savings Marketing Manager at Chelsea Building Society. “You can make up to 3 withdrawals which together total no more than £2,000 in each of three periods and still qualify for the very attractive bonus. The account complements Chelsea’s range of savings products”.

The annual bonus is tiered and is as follows:

Year 1 (from account opening up to and including 1 June 2008) – 1.00% bonus
Year 2 (2 June 2008 – 1 June 2009) – 0.50% bonus
Year 3 (2 June 2009 – 1 June 2010) – 0.25% bonus
From 2 June 2010 no bonus, or withdrawal conditions apply

Three instant access withdrawals will be permitted up to a total maximum of £2,000 from date of account opening up to and including 1 June 2008. From 2 June 2008 a new period begins. More than three withdrawals during each period and/or withdrawals which together total more than £2,000 means the account holder does not receive the bonus. In addition the account must remain open on 1 June in order for the bonus to be credited.

Annual interest will be first paid on 1 June 2008 and then annually on that date. If qualifying criteria is met this is also the date the conditional bonus will be paid

To find out more about Chelsea Bonus Savings account or interest rates contact Chelsea at your local branch, or visit thechelsea.co.uk.