Charter Savings Bank has increased the rate of its two-year fixed deal by 0.25%, establishing its place among the top 10 of its sector and earning an 'excellent' review for its terms.
The two-year variant of Fixed Rate Bond now has a top-10 rate of 2.15% yearly (2.13% monthly).
This account must be opened and managed online with an initial investment of at least £1,000.
Further additions are permitted provided they are made within 14 days of the account being opened, but early access to funds is not allowed. Savers must therefore be comfortable locking their money away for the full two-year term.
The boost to this account's rate has cemented its position in the Moneyfacts chart. This deal offers savers a solid top-10 rate, which is sure to grab attention, while the option of a monthly income will appeal to those who are looking for regular interest payments. The ability to make further additions, albeit within a narrow window, is also a bonus. However, as this deal lacks the option to make withdrawals, savers must ensure that they are happy with the length of the term.
Moneyfacts rating: Excellent
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