Chelsea Building Society Triple Guarantee
2nd Issue

Compare the Chelsea Building Society Triple Guarantee (2nd Issue) with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.secured account cards
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Company:Chelsea Building Society
www.thechelsea.co.uk
Chelsea Building Society
Product:Triple Guarantee (2nd Issue)
 
Apply via this site:Not available
Savings Details 
Account Type:Notice
Rate Type:The type of interest rate is variable.
Headline Interest Rate:The headline interest rate is 3.10% AER.
Interest Rate Guarantees:The interest rate is guaranteed to be at least 0.50% above the Bank of England base rate until 16th March 2009.From 17th March 2009 until 18th March 2010, the interest rate is guaranteed to be at least 0.25% above the Bank of England Base Rate.From 19th March 2010 until 20th September 2010, the interest rate will be guaranteed to be at least equal to the Bank of England Base Rate. After this date the interest will be the same as a Branch Instant Access.
Application Criteria 
Existing Customer Only:No
Minimum Age:The minimum age is 18 years.
Area Restrictions:There are no area restrictions.
Minimum Investment:The minimum investment is £1.
Maximum Investment:The maximum investment is £500000.
Minimum Balance:The minimum maintained balance is £1.
Open to UK Residents:This product is available to UK residents.
Introductory Rates 
Introductory Bonus:No introductory bonus payable.
Incentives Offered:There are no free gifts or incentives offered by the company.
Rates 
Tax Free:This product is not tax free.
Open-ended Bonus:No open-ended bonus payable.
Rate Tiers:
  Gross Rate  Gross Rate  AER
  Excluding Bonus  Including Bonus  
£1   3.10%    3.10%    3.10% 
Interest Payment Freq:Interest is paid monthly.
Managing Account 
Passbook:A passbook is not provided when this account is opened.
Transactions at Branch:Transactions cannot be made at a branch.
Statement Frequency:Statements are issued annually.
Transactions by Phone:Transactions cannot be made by telephone.
Transactions by Internet:Transactions cannot be made via the internet.
Transactions by Post:Transactions can be made by post.
Special Access:G'tee 1- 60 dys notice for wdls or interest penalty of 60 dys.G'tee 2-30 dys notice for wdls or an interest penalty of 30 dys
Withdrawal Conditions:
Withdrawal Conditions -
During Guarantee 1 (until 16th March 2009) - a notice period of 60 days is required for withdrawals, if the notice period is not given an interest penalty of 60 days is applied on the amount withdrawn.

During Guarantee 2 (until 18th March 2010) - a notice period of 30 days is required for withdrawals, if the notice period is not given an interest penalty of 30 days is applied on the amount withdrawn.

From the 19th March 2010, all withdrawal are notice and penalty free.
Fees & Charges 
Withdrawal Notice:
During Guarantee 1 (until 16th March 2009) - a notice period of 60 days is required for withdrawals, if the notice period is not given an interest penalty of 60 days is applied on the amount withdrawn.

During Guarantee 2 (until 18th March 2010) - a notice period of 30 days is required for withdrawals, if the notice period is not given an interest penalty of 30 days is applied on the amount withdrawn.

From the 19th March 2010, all withdrawal are notice and penalty free.
Withdrawal Notice (days):
During Guarantee 1 (until 16th March 2009) - a notice period of 60 days is required for withdrawals, if the notice period is not given an interest penalty of 60 days is applied on the amount withdrawn.

During Guarantee 2 (until 18th March 2010) - a notice period of 30 days is required for withdrawals, if the notice period is not given an interest penalty of 30 days is applied on the amount withdrawn.

From the 19th March 2010, all withdrawal are notice and penalty free.
Withdrawal Penalty:
During Guarantee 1 (until 16th March 2009) - a notice period of 60 days is required for withdrawals, if the notice period is not given an interest penalty of 60 days is applied on the amount withdrawn.

During Guarantee 2 (until 18th March 2010) - a notice period of 30 days is required for withdrawals, if the notice period is not given an interest penalty of 30 days is applied on the amount withdrawn.

From the 19th March 2010, all withdrawal are notice and penalty free.
Withdrawal Charge:No charge is applied on withdrawals.
W/d Notice/Penalty/Charge:
During Guarantee 1 (until 16th March 2009) - a notice period of 60 days is required for withdrawals, if the notice period is not given an interest penalty of 60 days is applied on the amount withdrawn.

During Guarantee 2 (until 18th March 2010) - a notice period of 30 days is required for withdrawals, if the notice period is not given an interest penalty of 30 days is applied on the amount withdrawn.

From the 19th March 2010, all withdrawal are notice and penalty free.
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Products:www.thechelsea.co.uk Savings
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