New eBonds from the Chelsea

Chelsea Building Society is expanding its savings portfolio with two new online savings bonds at competitive fixed rates.

A three year Chelsea eBond pays 4.15% gross/AER maturing in August 2014 and its five year counterpart pays 4.85% gross/AER, with a maturity date of August 2016.

Savings Product Manager Mike Helliwell said: "Chelsea Building Society is returning to the online savings market with two competitive eBonds for longer-term investers.

"More and more people are taking the opportunity to manage their savings online and enjoy the convenience and ease of access this offers."

All Chelsea online bonds pay interest annually, or have a monthly interest option for those who rely on their savings for income, and savers can invest up to a maximum of £2,000,000. The minimum amount needed to open an online bond is £1,000.

To find out more, visit thechelsea.co.uk/savings.