1 Year Fixed Rate Bond - Charter Savings Bank

1 Year Fixed Rate Bond

Charter Savings Bank
1.98 % AER
Headline Interest Rate
Fixed
For 12 months
FSCS
Compensation Scheme
£ 5,000 min initial deposit
£ 1,000,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 1.98 % AER
Headline Interest Balance: £ 5,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 5,000
Date account was introduced: 02 May 2019

This account may be appropriate for you if

  • Your are happy to give na days notice before accessing your money
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually
Minimum Balance: £ 5,000
Maximum Balance: £ 1,000,000
Statement Frequency: on-line
Additional Deposits: Not allowed
Standing Orders: Not allowed

Withdrawals

Withdrawal Conditions: No withdrawals or closure permitted during the term of the account.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals permitted during the term of the account.
Transferred on Maturity: Customers will be contacted prior to maturity via secure message. If customers do not contact them 48 hours before maturity date then the account will become a variable rate account without any withdrawal restrictions.

Conditions

Trustee Types: Can be opened in trust.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

Moneywise Best Buys

Savings Accounts

ProductAER
First Direct Regular Saver - first direct5%
HSBC Regular Saver - HSBC5%
M&S Bank Monthly Saver - M&S Bank5%
Santander 123 Regular eSaver - Santander3%