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Improved savings bonds highly competitive

Improved savings bonds highly competitive

Category: Savings
Date: 17/02/2017

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 It is now over 6 months old so the content may be out of date.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 increased fixed bond rates by up to 0.22% and launched new 18-month and four-year bonds. The 18-month, one, two and three-year bonds now sit at the top of their charts, while the four-year bond is market-leading and the five-year offer also competes, all earning a high rating as a result.

The basics…

The 18-month bond boasts a fixed rate of 1.65% yearly and the one-year now pays 1.60% on maturity, while the two-year pays 1.75% yearly, the three-year pays 1.85%, the four-year pays 2.06% and the five-year pays 2.16%. Of these, the 18-month, one, two, three and four-year rates are market-leaders for their term.

All accounts are also available as monthly interest options paying slightly reduced rates.

The finer details…

These online-only accounts require a minimum investment of £1,000. Additions are allowed within 14 days of account opening, but early access is not permitted, which means savers will have to make sure they won't need their funds for the full length of their chosen term.

Why we like them…

The highly competitive rates on these bonds have easily earned them their high spots in the Best Buys, as well as their high rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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