Chelsea improves its ISAs

Chelsea improves its ISAs

Chelsea Building Society has launched new ‘improved’ versions of its individual savings accounts (ISAs).

Chelsea’s Postal 30 Cash ISA now has an annual interest rate of 3% for account balances over £6,000, and 2.6% for lower balances.

The Chelsea Cash ISA (2nd Issue) pays interest at 2% for balances over £6,000, and 1.6% for lower balances with a minimum balance of £10.

Both accounts can be opened in a Chelsea Building Society branch or by postal application.

Jenny Hudd, Chelsea’s savings product manager, said: “We’re delighted to be able to offer these ISAs, showing that we are committed to offering our members value for money.

“We improved these accounts in response to feedback from our members.”

Chelsea recently launched a 10 year mortgage with interest fixed at 4.59%.

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