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New fixed rate bond from Chelsea

Chelsea Building Society is launching a new fixed rate bond offering a gross annual return of 4.5 per cent.

The Chelsea Fixed Rate Bond 2003 opens on November 8 and will offer the fixed rate until June 2, 2003. The minimum investment is £1,000.

The bond also offers a monthly income option, with a slightly lower interest rate of 4.41 per cent.

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