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Charter Court reaches £4.26bn of retail deposits

Tom Belger | 13:46 Wednesday 22nd August 2018

Charter Court Financial Services Group PLC has revealed that retail savings deposits increased by 7.2% year-on-year during the six months to 30th June 2018.

The group, which operates through three brands – Precise Mortgages, Exact Mortgage Experts and Charter Savings Bank – reported retail savings deposits of £4.26bn for H1 2018, up from the £3.97bn reported in H1 2017.

As of 30th June 2018, Charter Court had 102,145 savings customers, up from 90,156 in June 2017, operating 125,468 savings accounts.

Charter Court said its Isa offering provided access to a retail deposit market with fewer competitors and lower customer rates than their equivalent non-Isa products. 

The group added that despite choosing not to compete during the Isa’s traditionally busiest period at the end of the tax year, Isa balances exceeded £700m since the product was launched 12 months ago. 

Pictured above Ian Lonergan, CEO at Charter Court

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