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 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.
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.
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
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