Call Direct 50
Summary box
Key product information for our savings account
| Account name | Call Direct 50 |
|---|---|
| Interest rates (AERs) | Annual |
| 3.95% gross pa+/AER* 3.16% net pa+ Variable interest rates effective from 24 November 2008. Guaranteed to be at least 0.50% above Base Rate until 4 August 2009, then guaranteed to be at least the same as Base Rate until 2 March 2010** |
|
| Monthly | |
| 3.88% gross pa+ 3.10% net pa+ 3.95% AER* Variable interest rates effective from 24 November 2008. Guaranteed to be at least 0.50% above Base Rate until 4 August 2009, then guaranteed to be at least the same as Base Rate until 2 March 2010** |
|
| Tax status | Interest is paid net of tax. However provided we receive a valid R85 form interest will be paid gross to non taxpayers |
| Conditions for bonus payment | Not applicable |
| Withdrawal arrangements | Penalty free withdrawals with 50 days' prior notice until 2 March 2010, or immediate access subject to a penalty equivalent to 50 days' loss of interest on the amount withdrawn† |
| Access | Post/telephone |
Key features
- To request an information pack please call us on 0800 121 8822
- Secure telephone withdrawals into your nominated bank or building society account using our password protected automated telephone service (minimum withdrawal £250)
- From 3 March 2010, this account will become Call Direct Advantage (which is a variable, instant access account) and all withdrawals will be notice and penalty free
- Save from £250 to £500,000*** per saver (a maximum of 2 savers are permitted)
- Interest will be earned from £250. It is paid annually on 1 June. Monthly interest also available.
+Net interest equals gross interest less income tax at the rate specified by law.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added to the account each year. Withdrawals may affect the AER
**If the Bank of England Base Rate changes before this date, we'll change the interest rate on the account where necessary (which could be up or down) within 30 days
†If you make a withdrawal without notice and interest accrued as on date of withdrawal in your account is insufficient to meet the penalty, then this will be deducted from the account balance. This means that you would not get back the original moneys deposited. Please bear this in mind when making a withdrawal without prior notice
***Provided that your total savings in this and all other Chelsea accounts does not exceed £2 million.
Chelsea Building Society subscribes to the Banking Code, a copy of which is available on request.
