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Chelsea BS 6 month bond, paying 3.70%

Steve_xx
Steve_xx Posts: 7,008 Forumite
Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
edited 4 September 2009 at 7:30PM in Savings & investments
Chelsea BS will, on 5 September, launch a 6 month bond paying 3.70%

SUMMER BOND 2009 (NO ACCESS) SHORT TERM:

to be launched on 5 September it's a fixed term account maturing 22.3.10 with a minimum investment of £1K paying 3.70% yearly.

No earlier access permitted. Additions will be allowed whilst issue the remains open.

It may appeal to some for such a short term.

Link: Click here

Comments

  • fullstop
    fullstop Posts: 545 Forumite
    edited 4 September 2009 at 7:07PM
    It is now, looks like the passbook is making a comeback as well The Hanley 6 month account also came with a passbook as does this offering from The Chelsea.
    "When the Government borrows, the citizen has to save".

    Machiavellii
  • KTF
    KTF Posts: 4,855 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I would have thought that banks would be putting at much as they can online these days. A passbook seems very old fashioned. Still, its a good rate so just waiting for the details to hit the mat.
  • Sceptic001
    Sceptic001 Posts: 1,111 Forumite
    Just a reminder that this bond matures 22-3-10

    I have not heard anything from Chelsea BS about re-investment. Their current fixed rate bonds are here.

    Presumably to get a cheque you have to write to Chelsea BS enclosing passbook?
  • RayWolfe
    RayWolfe Posts: 3,045 Forumite
    1,000 Posts Combo Breaker
    You do and they won't do a transfer ... but they will give you up to £3K cash if you give them notice.
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