A new fixed rate bond is being launched by Chelsea Building Society.
Chelsea Building Society has announced that it is set to launch a new fixed rate bond
It will be available at a fixed bond rate
of 3.25 per cent for both new and existing customers.
Commenting on the launch of the fixed rate savings
deal, Chelsea's savings product manager Mike Helliwell said: "This product will offer a good return for our customers who wish to invest for the next two years and we are sure it is one that our members will be quick to take advantage of."
The company added that consumers can also get access to a fixed bond rate account of 3.20 per cent on a monthly basis.
This comes shortly after Yorkshire Building Society, which merged with Chelsea Building Society around a year ago, revealed that it is to offer a new 4.15 per cent fixed rate bond.
Mr Helliwell claimed that the offer will give those who take it up a great return on their cash.
By Joe Letts