Charter Savings Bank has reduced the rates paid on selected fixed rate bonds, but despite this, its18-month deal has shown its resilience and retained its coveted chart place.
The 18-month version of Fixed Rate Bond now pays 1.81% yearly (1.80% monthly), enabling it to maintain a place among the top 10 accounts of its sector.
This account must be opened and operated online with a minimum investment of £1,000.
Additional deposits are allowed for up to 14 days after an account has been opened, but early access to funds is not permitted. Savers must therefore be comfortable locking their money away.
The rate may have been reduced slightly, but this has by no means detracted from the competitiveness of this account. It has retained its chart place and also offers savers a monthly interest option, which will appeal to those who are looking for secure a regular income.
Moneyfacts rating: Excellent
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