Charter Savings Bank has launched a new two-year fixed rate bond onto the market, stealing a coveted top-10 place on the Moneyfacts charts.
The two-year Fixed Rate Bond pays 2.00% yearly (1.98% monthly), earning it a comfortable place in the charts.
The account must be opened and operated online with an initial investment of at least £1,000.
Further additions are permitted during the first 14 days after the account has been opened, but early access to funds is not possible. Savers must therefore be comfortable locking their money away for the full length of the term.
This newcomer has secured itself an enviable position on the charts, which is likely to attract the interest of savers. The additional flexibilities of further additions and a monthly interest option boost its appeal further, although the lack of early access does mean that savers will need to evaluate their needs carefully.
Moneyfacts rating: Excellent
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