New online savings account from Chelsea BS
Chelsea Building Society has launched its first online savings account.
The e-Saver Reward product pays 2.6 per cent annually or 2.57 per cent monthly and can be opened with a minimum balance of £1.
Withdrawals will result in a loss of interest for the month, but no additional interest will be lost for multiple withdrawals in the same calendar month.
Up to £1 million can be deposited in the account.
"The Chelsea e-Saver Reward account will be a real plus for anyone looking for a competitive rate who wants to combine monthly interest with easy to use internet savings," says Sarah Lawrence, senior product manager for savings at Chelsea Building Society.
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