Savings Comparison
For when choosing the right account gets too tough.
Monthly Regular Saver
Add to your account
whenever you want to
The Monthly Regular Saver is a straightforward way to save through our branch network, allowing access to your money with one withdrawal day each account year, based on the anniversary of the account opening date.
2.00%
gross pa/AER
variable
Key Features
- Save for 2 years with a variable interest rate of 2.00% gross p.a./AER†
- Add to your account whenever you want to - deposit funds up to £500 per month to a maximum balance of £6,000 per year.
- Access your account with one withdrawal day per account year, based on the anniversary of the account opening date
- Save regularly, perhaps just after you've been paid each month, by setting up a standing order
- Close your account at any point even after you've made one withdrawal that year
- Only one account per person in sole or joint names
- Interest paid annually only
†Gross rate is the interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.
†AER stands for Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
Net: Interest on investments and savings amounts is payable net of income tax, which means after the deduction of income tax at the lower rate of 20%, or subject to the required registration gross.
Summary box
| Summary Box Key Product Information for our Savings Account | |
|---|---|
| Account Name | Monthly Regular Saver |
| Interest rates (AERs) | Variable rate paid annually. See interest rate. |
| Tax Status | Gross or net |
| Conditions for bonus payment | N/A |
| Withdrawal arrangements | One withdrawal day per account year through the branch network, based on the anniversary of the account opening date. A customer can close their account at any point even if they have made their one withdrawal that year. |
| Access | Branch or post |
Whether you can benefit from gross, net or tax free interest is dependent on your own personal circumstances and tax status and so may be subject to change in the future.
Interest rate
Current rates
Effective 31st March 2014
Effective 31st March 2014
Interest rates are variable and paid annually - £500 per month saved at 2.00% gross p.a./AER would lead to gross interest of £65.26 at the end of the 12 month period.
How to apply
This savings account can be operated in various ways and can be opened at a branch or via the post.
Note: When applying for an account you will need to verify your identity and address. Check our verify your identity and address section for more details of what you may need to take with you.
Making an application
More information:
- Call us on 0345 166 9219
Lines are open:
Monday - Friday: 8am to 8pm
Saturday: 9am to 1pm
Chelsea Building Society and the Chelsea are trading names of Yorkshire Building Society. Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Yorkshire Building Society is entered in theFinancial Services Register and its registration number is 106085. Principal Office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.
References to 'YBS Group' or 'Yorkshire Group' refer to Yorkshire Building Society, the trading names under which it operates (Barnsley Building Society, the Barnsley, Chelsea Building Society, the Chelsea, Norwich & Peterborough Building Society, N&P and Egg) and its subsidiary companies.
Buy to Let mortgages are not regulated by the Financial Conduct Authority
This site is intended for UK Residents unless otherwise stated. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.
*Calls to 0800 numbers are free of charge from a landline or mobile. Calls to 03 numbers are charged at the same standard network rate as 01 or 02 landline numbers, even when calling from a mobile.
Get in touch with us:
- Call us:
http://www.thechelsea.co.uk/contact/index.html - Find a branch:
http://www.thechelsea.co.uk/contact/branch_finder.html - Manage your accounts online:
http://www.thechelsea.co.uk/security/online_help.html
