Charter Savings Bank has increased the rates paid on its 95 and 120-day notice accounts by up to 0.20%, confirming both in their positions towards the very top of the Moneyfacts charts.
95 Day Notice Issue 6 now pays a rate of 1.90% yearly (1.88% monthly) while its 120-day counterpart (Issue 6) pays 1.95% yearly (1.93% monthly), both of which are market-leading rate for their respective terms.
Both accounts must be opened and operated online with an initial investment of at least £1,000. Savers should note that access is via a nominated account.
An unlimited number of additions and withdrawals can be made without penalty. However, early access is not possible, so savers must ensure that they always abide by the respective notice periods of 95 days and 120 days.
Both of these deals pay eye-catching rates and are therefore bound to prove popular among savers. The fact that they also offer monthly interest options will appeal to those seeking a regular income, while the unlimited number of additions and withdrawals gives savers some cherished control over their invested savings.
Moneyfacts rating: Excellent
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