Charter Savings Bank has launched new one-year and 18-month fixed rate savings bonds with highly competitive rates, which have stormed straight into the top 4 of their Best Buy chart.
The one-year Fixed Rate Bond boasts a rate of 1.46%, while the 18-month equivalent pays 1.50%. Both also offer monthly versions paying slightly reduced rates (1.45% and 1.49% respectively).
Both bonds require a minimum investment of £1,000. Withdrawals are not allowed, but further additions are, as long as they are made within 14 days of account opening. The accounts can only be opened and operated online.
These internet-operated bonds will be attractive to short-term savers thanks to their competitive rates and flexibility. As such, they rightly deserve their Moneyfacts rating and high entry into the chart for their sector.
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