Chelsea launches Call Direct 30

Chelsea Building Society has announced the launch of Call Direct 30 (3rd Issue) on Saturday 1 September 2007.

The current Call Direct 30 (2nd Issue) will be withdrawn at close of business on Friday 31 August.

The interest rate is guaranteed to be no lower than the Bank of England base rate for the first year of saving THEN guaranteed to be no lower than 0.25% below Bank of England base rate until 19 March 2009.

Before 20 March 2009 withdrawals can be made penalty free with 30 days’ prior notice. Within this period, notice free withdrawals are subject to a penalty equivalent to 30 days’ loss of interest on the amount withdrawn. From 20 March 2009, all withdrawals will be notice and penalty free.

First annual interest payment date is 1 June 2008, then annually thereafter.

To find out more about Call Direct 30 (3rd Issue), visit thechelsea.co.uk.