Charter Savings Bank launches 5yr bond | Product News | moneyfacts.co.uk

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Charter Savings Bank launches 5yr bond

Charter Savings Bank launches 5yr bond

Category: Savings
Date: 13/01/2017

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 It is now over 6 months old so the content may be out of date.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 launched a new five-year fixed rate bond, which has entered the Best Buy chart for its sector, earning a high rating in the process.

The basics…

The new Fixed Rate Bond boasts a yearly rate of 1.95% over a term of five years. A version of the account which pays interest on a monthly basis is also available, paying a slightly reduced rate of 1.93%.

The finer details…

This online-only account requires a minimum investment of £1,000. Further additions are allowed within 14 days of account opening, but withdrawals and early access are not, so savers must ensure they are happy to part with their savings for the full term.

Why we like it…

Due to its competitive rate, this account has earned a place in the Best Buys as well as a high rating, now sitting comfortably amongst its peers.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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