Charter Savings Bank has reduced the rate paid on its 18-month fixed bond; however, it has retained its coveted place on the Moneyfacts charts in spite of this, thanks to its continued competitiveness.
The 18-month version of Fixed Rate Bond now pays 1.95% yearly (1.93% monthly), which enables it to continue to sit comfortably among the top 10 accounts of its sector.
This account must be opened and operated online with an initial investment of at least £1,000.
Additional deposits can be made for up to 14 days after the account has been opened but early access to funds is not permitted. Savers must therefore ensure that they are comfortable locking their money away.
This deal may have had a slight rate reduction, but this has not dented its competitiveness in the slightest. Indeed, it maintains its place on the charts and continues to offer savers an attractive rate, as well as a monthly interest option, which will continue to appeal to those who are seeking to secure a decent return.
Moneyfacts rating: Excellent
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