Fixed rate bonds improve chart positions | Product News - Moneyfacts

Product News

Fixed rate bonds improve chart positions

Fixed rate bonds improve chart positions

Category: Savings
Date: 18/03/2016

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 It is now over 6 months old so the content may be out of date.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 rates paid on its fixed rate bonds by 0.15%, pushing its one and two-year deals further up the charts in the process.

The basics…

The one-year version of Fixed Rate Bond now pays a competitive rate of 1.91% yearly (1.89% monthly), while its two-year counterpart pays 2.00% yearly (1.98% monthly), enabling both to climb up the rankings in their respective sectors.

The finer details…

These accounts must be opened and operated online with an initial investment of at least £1,000.

Savers are allowed to make additional deposits for up to 14 days after opening an account, but withdrawals are not permitted. Savers must therefore ensure that they are comfortable with the length of their chosen term.

Why we like it…

The rate boost given to these accounts has honed their competitive edge and bolstered their chart positions. Savers who are looking for an attractive place in which to store their savings are therefore likely to pay heed to this eye-catching update.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close