Chelsea Bs Savings rates from 1st june

bristolleedsfan

second base rate rise on trot chelsea BS not passed on full base rate increase on its regular saver has increased roughly about 0.15% so monday when i go in with my 10.00 monthly sub they shouldnt be suprised :cool:

http://www.thechelsea.co.uk/html/savings/invest_intrates_current_current.html

virtually every account has "footnote" aka small print :rotfl:

ED

I closed my Chelsea Regular Savings account last year. Its new rate of 5.60% matches my £100 lump sum in the (now closed issue) ClicknSave 30. I opened it in order to maintain membership - avoids nuisance of having to prove iD + address, all over again, in event of a competitive account enticing me sometime in future.

Chelsea Bdg Soc website savings rate page has much improved. It previously used one of the most cumbersome facilities, without an At A Glance facility. Well done to the Society for its improvement.

Well done to bristolleedsfan for making only minimal (£10) monthly deposits to the uncompetitive Chelsea Regular Savings account. The more customers do likewise, the more chance the Society will offer a fairer rate rise.

bristolleedsfan

ED wrote: »

Well done to bristolleedsfan for making only minimal (£10) monthly deposits to the uncompetitive Chelsea Regular Savings account. The more customers do likewise, the more chance the Society will offer a fairer rate rise.

i went one better in march i withdrew around 2600 from chelsea regular saver ( leaving 100.00) and put it in leeds BS loyalty saver issue 3 ( now closed issue), pretty staff in chelsea ( bristol branch) worth a 10.00 a month visit esp as im in town start of every month doing other transactions :cool:

ED

£2,600 worth of 'voting with feet' - well done, again! Wonder if building societies will in coming months need to offer better rates in order to get sufficient funds in their coffers for lending - especially now that increased inflation makes National Savings and Investments tax-free products highly competitive for Higher Rate taxpayers and attractive for people on the regular 20% rate or expecting to be there within the next 3-5 years.

bristolleedsfan

ED wrote: »

£2,600 worth of 'voting with feet' - well done, again! Wonder if building societies will in coming months need to offer better rates in order to get sufficient funds in their coffers for lending - especially now that increased inflation makes National Savings and Investments tax-free products highly competitive for Higher Rate taxpayers and attractive for people on the regular 20% rate or expecting to be there within the next 3-5 years.

when building societies need funds they just launch a top paying limited issue eg a 1 year fixed rate bond