Chelsea Building Society Fixed Rate Bonds

Compare Fixed Rate Bonds From Chelsea

If you're looking for a guaranteed return on your savings, then Chelsea Building Society fixed rate bonds might be just what you're looking for.We don't have any Chelsea Building Society fixed rate bond deals currently, but you can make sure you find the best deal for your needs and circumstances by comparing some the latest fixed rate bond deals in the table below. See below for a selection of leading fixed rate bonds deals currently available:

Provider

Account

Type

Minimum

Deposit

Interest

Rate
 
£5,000

1.80%

per annum

More Info >
Earn 1.80% fixed interest - 1 year term - Save from £5,000 to £500,000 - No additional deposits or withdrawals permitted -FSCS Protected
£500

1.70%

Gross AER

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Earn 1.70% fixed interest. 1 year term. Interest can be paid monthly or annually. Open an account singly or jointly. Minimum deposit £500. No withdrawals permitted. FSCS Protected
£1,000

Over

1.20%

Gross AER

More Info >
Managed Savings Service. Save time and hassle. 1 year term. Savers open one account with Octopus cash who then spread the money across some of the best challenger bank rates around. At the end of the term savers can either withdraw money or allow Octopus Cash to automatically switch accounts to the best rates on offer. FSCS Protected
£5,000

2.05%

per annum

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Earn 2.05% fixed interest - 2 year term - Minimum deposit £5,000 - No withdrawals permitted. FSCS Protected
£500

2.00%

per annum

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Earn 2.00% fixed interest. 2 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
£500

1.85%

Gross AER

More Info >
Earn 1.85% fixed interest. 2 year term. Interest can be paid monthly or annually. Open an account singly or jointly. Minimum deposit £500. No withdrawals permitted. FSCS Protected
£5,000

2.25%

per annum

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Earn 2.25% fixed interest - 3 year term - Minimum deposit £5,000 - No withdrawals permitted. FSCS Protected
£1,000

2.20%

per annum

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Earn 2.20% gross/AER fixed for 3 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. FSCS Protected
£1,000

2.40%

per annum

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Earn 2.40% gross/AER fixed for 4 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest. FSCS Protected
£500

2.23%

per annum

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Earn 2.23% fixed interest. 4 year term. Interest can be paid monthly or at maturity. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
£1,000

2.45%

per annum

More Info >
Earn 2.45% gross/AER fixed for 5 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest. FSCS Protected
£1,000

2.37%

expected rate

More Info >
Earn 2.37% expected profit rate. 5 year term. Interest paid annually. Open an account singly or jointly. Minimum deposit £1,000. No withdrawals permitted. Shariah compliant savings account. FSCS Protected
Cash ISA Selection
ProviderPlan NameDeposit TakerISA OptionTermMaximum Potential ReturnMore Info
Kick Out Deposit PlanInvestec Bank plcyesUp to
6 years

4%

per annum

More Info >
Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 4% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer.
Important Information: Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.


Features of the Chelsea fixed rate bonds may be:

  • Opportunity to earn Interest on balances from £1
  • Savings available for deposits from £1,000 up to £2,000,000
  • The option to choose monthly or annual interest payments
  • Accounts that may be operated by post, online or in branch with a passbook
  • Fixed rate bonds will normally not allow withdrawals without interest penalty

Our comparison service helps you to make an informed decision about which savings products are best for you – check out the other deals available to see what type of fixed rate bond could suit your needs.

 

As with most bonds you lose access to your money for a fixed period of time, and may end up with less in return if you close them early, it is important to try and get the best deal you can. Therefore shopping around before you take one out is a really wise decision.

 

What are fixed rate bonds?


Fixed rate bonds are a form of savings account which offer you a guaranteed interest payment over a fixed period of time. The longer the period of time generally the higher the interest payment paid.


Advantages


  • The interest rate offered is guaranteed for the term of the bond. This is unlike instant access savings accounts where the interest rate can go down or up at short notice.

 

  • Different banks and building societies will have different views on medium to long term interest rates. If interest rates rise more slowly than expected a fixed rate bond may give you a better return than what you could expect from an instant access account.

 

  • Some fixed rate bonds provide flexibility e.g. 1 withdrawal over the term.

 

  • Fixed rate bonds range from 2 months to 5 years in duration so you can choose a term that suits your circumstances

 

  • Many fixed rate bond providers offer online access so you can see how much interest you are earning.


Disadvantages


  • The benefit of enjoying a higher rate of interest must be weighed against tying up your capital for a fixed term. If you need access to your capital before maturity this may not be possible and if it is there may be interest penalties.

  • If interest rates rise over the term of the investment you may find the interest rate on your capital is no longer competitive compared to new offerings in the market.
    Many fixed rate bond providers require a high minimum deposit e.g. £5,000

 

Other types of plan you may wish to think about


  • Tracker bonds – These are similar to fixed rate, but instead of your interest rate staying consistent throughout the bond’s term, it will change in reflection to any increases or decreases in the Base Rate set by the Bank of England. This means if during the term the base rate raises you will benefit from an increase in how much you receive in interest, if however it decreases you will receive less.

 

  • Structured Deposits – Like a bond a structured deposit requires you to lock up your funds for a period of time. This type of plan is normally tied to an index such as the FTSE 100. If over the plan the index or indices perform in a certain way you will receive your original investment back plus an interest payment typically larger than those offered by bonds or savings accounts. However if it does not perform in a certain way set out at the start of the plan you will receive your investment back but will no gains on it, so it is a risk that needs to be carefully considered beforehand.

 

  • Savings Account – If you are looking into how you can earn interest on your savings while maintaining access to them should you ever need them before the end of the term then an instant access savings account may be the solution to you. Although they do offer lower interest rates than bonds or structured deposits, they usually offer unlimited free withdrawals meaning if you should ever need your savings you don’t need to worry about any forfeit for closing the account early.