Charter Savings Bank launches five new accounts

Charter Savings Bank launches five new accounts

Tom Belger | 12:45 Friday 25th May 2018 | 9

Charter Savings Bank has announced the launch of five new accounts as well as rate rises of up to 016%.

The new account launches are a 30-day notice, 60-day notice and 95-day notice accounts, as well as an 18-month fixed rate bond and a 95-day notice cash Isa.

The challenger bank has increased rates by up to 0.16% on another three accounts: its one-year fixed rate bond, and its one-year and two-year fixed rate cash Isas.

New launches:

• 30-day notice issue seven paying 1.36% AER
• 60-day notice issue seven paying 1.46% AER
• 95-day notice issue 18 paying 1.67% AER
• 18-month fixed rate bond paying 1.91% AER
• 95-day notice cash Isa issue three paying 1.40% AER

Improved rates:

• one-year fixed rate bond paying 1.81% AER (previously 1.65% AER)
• one-year fixed rate cash Isa paying 1.52% AER (previously 1.38% AER)
• two-year fixed rate cash Isa paying 1.69% AER (previously 1.61% AER)

“Our aim is to provide straightforward savings products at highly competitive rates and to expand the options for savers,” said Paul Whitlock, director of savings at Charter Savings Bank (pictured above).

“We're committed to improving rates for savers whenever we see an opportunity to do so and are confident our new range will prove popular.”