Charter Savings Bank has reduced the rate paid on its fixed rate bonds, but its one-year and 18-month deals have defied the odds and kept their chart places thanks to their ongoing appeal.
The one-year version of Fixed Rate Bond now pays 1.81% on maturity (1.80% monthly) while its 18-month counterpart pays 1.90% yearly (1.88% monthly), allowing both to continue to sit proudly in the charts.
These accounts must be opened and operated online with a minimum investment of £1,000.
Further additions are permitted for up to 14 days after an account has been opened, but as is usual in this sector, no early access is permitted. Savers must therefore ensure that they are happy with the length of their chosen term before they invest.
Both of these bonds remain enticing despite their recent rate decreases. Sitting in the top 10 of their respective sectors, they are likely to attract interest from savers eager to earn a decent return on their savings and will appeal to those who are looking to secure a regular income.
Moneyfacts rating: Excellent
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