Autumn Fixed Rate Bond


Summary Box
Key product information for our savings account

Account name 1 Year Autumn Fixed Rate Bond
Interest rates (AERs) Annual
6.60% gross pa+/AER*   5.28% net pa+

Interest rates are fixed until 21 October 2009
Monthly
6.41% gross pa+   5.13% net pa+   6.60% AER*

Interest rates are fixed until 21 October 2009
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 n/a
Withdrawal arrangements A withdrawal penalty equivalent to 180 days' loss of interest on the amount withdrawn applies from the day the account is opened up to and including 20 October 2009
Access Branch/post


Key features

  • To request an information pack please call us on 0800 169 1076
  • Once this account has been withdrawn to new savers, you cannot make further deposits
  • From 21 October 2009, this account will become Branch Instant (which is a variable, instant access account) and all withdrawals will be penalty free. Alternatively, we may offer you a further fixed rate
  • Save from £1,000 to £500,000** per saver (a maximum of 2 savers are permitted)
  • Interest will be earned from £1. It is paid annually on 1 September. Monthly interest also available
  • Passbook operated

+ 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 will affect the AER.
** 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.