About this product
Charter Savings Bank's one-year fixed-rate bond is opened and managed online, with a minimum deposit of £5,000 and monthly or annual interest. Withdrawals are not normally permitted during the fixed term. If circumstances change unexpectedly, customers can contact Charter to discuss early access; any exception is at the bank's discretion and may require supporting evidence.
Advantages
- Interest rate fixed for one year
- Choice of monthly or annual interest
Things to consider
- Money is normally locked away for the fixed term; exceptional early access is discretionary and not guaranteed
- Minimum deposit of £5,000; online accounts have a 14-day funding window
Regulation and protection
Authorised by the Prudential Regulation Authority and regulated by the FCA and PRA. Eligible deposits are protected by the FSCS up to £120,000 per eligible person, per authorised firm. Accounts sharing a banking licence share this limit.