Chelsea launches new range of fixed rate saving options

Chelsea Building Society has launched a new range of Fixed Rate Options, which includes a new 1 year, 2 year and ClicknSave Fixed Rate Option effective from Saturday 5 May 2007.

The current 1 year Fixed Rate Option (26th Issue), 2 year Fixed Rate Option (26th Issue) and ClicknSave Fixed Rate Option (15th Issue) are being withdrawn at close of business on Friday 4 May 2007.

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the end of each fixed rate period will be subject to a penalty equivalent to 90 days’ loss of interest on the amount withdrawn.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