0.25% rate boost for 2-yr fixed bond | Product News - Moneyfacts

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0.25% rate boost for 2-yr fixed bond

0.25% rate boost for 2-yr fixed bond

Category: Savings
Date: 13/03/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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 basics…

The two-year variant of Fixed Rate Bond now has a top-10 rate of 2.15% yearly (2.13% monthly).

The finer details…

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.

Why we like it…

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

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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