Call Direct Advantage
Summary box
Key product information for our savings account
| Account name | Call Direct Advantage |
|---|---|
| Interest rates (AERs) | Annual |
| 2.00% gross pa+/AER* 1.60% net pa+ Variable interest rates effective from 24 November 2008 |
|
| Monthly | |
| 1.98% gross pa+ 1.58% net pa+ 2.00% AER* Variable interest rates effective from 24 November 2008 |
|
| 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 | Instant, penalty free withdrawals++ |
| Access | Post/telephone |
Key features
- Secure telephone withdrawals into your nominated bank or building society account using our password protected automated telephone service (minimum withdrawal £250)
- Withdraw cash at LINK ATMs using a Chelsea card (maximum withdrawal £200 per day)†
- 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
++Up to £500 cash or £5,000 cheque may be withdrawn immediately over the counter in a branch. Larger sums may be withdrawn by cheque in a few days.
**Provided that your total savings in this and all other Chelsea accounts does not exceed £2 million.
†Chelsea does not charge for cash withdrawals
Chelsea Building Society subscribes to the Banking Code, a copy of which is available on request.
