Chelsea adds more tranches to Extra bond

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The Chelsea Building Society has launched the fourth and fifth tranches of its Portfolio Extra Fixed...

The Chelsea Building Society has launched the fourth and fifth tranches of its Portfolio Extra Fixed Rate Bond. Both offerings are the result of a tie-up between Chelsea and Norwich Union. The fourth issue will place up to 30% of the sum invested in a Chelsea fixed rate account, with the remainder invested in Norwich Union's (NU) Portfolio bond. The minimum investment on both products is £10,000, while the minimum invested in the account must be no less than £3,000. NU's Portfolio bond is a lump sum investment bond with no fixed term, which invests in one or more of NU Life's inve...

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