🔔 Charter Savings Bank dominates the cash ISA market

Author: Anna Bowes
27th July 2017

Savings Champion Rate Alert

Thursday 27th July 2017

 

 

Today we have seen a show of force from Charter Savings Bank in both the fixed and variable rate cash ISA sectors.

If we first look at our variable rate best buy table, Charter Savings Bank has taken control with its 120 Day Notice Cash ISA, paying 1.25% tax free/AER. Seemingly not content with just holding top spot, the increased rate on its Easy Access Cash ISA sees the provider stake claim to fourth position too.

Charter Savings Bank now also leads the way in each of our fixed rate cash ISA best buy tables, following the launch of improved versions of its range of products.

The new version of its 1 Year Fixed Rate Cash ISA, paying 1.30% tax free/AER, outshines the rate on offer from Bank of Cyprus UK (paying 1.22% tax free/AER) and has taken the top spot.

Meanwhile, amongst the longer 5 year terms, Charter Savings Bank now sits atop our best buy table, paying 2.15% tax free/AER.

Interestingly, Charter Savings Bank also increased rates on its 2 and 3 year fixed rate cash ISAs, despite the fact that they were already leading the market for both terms. This sees the provider's lead stretch further, now paying 1.41% tax free/AER and 1.50% tax free/AER respectively.

For those who have already utilised this year's ISA allowance, rates of up to 2.50% gross/AER can be achieved in the fixed rate bond arena or up to 1.25% gross/AER with a standard easy access account. For further information, please refer to our best buy tables.

If you would like any help with your savings, please call us on 0800 321 3581, we’d love to hear from you.


Best Savings Deals Summary

Best Buy Table

Best Account(s)

Best Rate (AER)

High Interest Paying Current Account *

Nationwide Building Society

5.00%

Easy Access

Ulster Bank

1.25%

Fixed Rate Bonds

Vanquis Bank (5 years)

2.50%

Variable Rate ISAs

Charter Savings Bank (120 days notice)

1.25%

Fixed Rate Cash ISAs

Charter Savings Bank (5 years)

2.15%

Notice Accounts

Secure Trust Bank (180 days)

1.65%

Monthly Income

Vanquis Bank (5 years)

2.47% gross

Regular Savings

Nationwide Building Society / First DirectM&S Bank / Santander

5.00%

Children's Accounts

Saffron Building Society / Halifax 
(Regular Savers)

4.00%

Junior ISAs

Coventry Building Society

3.25%

Help to Buy ISAs

Barclays

2.27%

Sharia Accounts

BLME (5 years)

2.50%

Our Best Buy Tables are based on whole of market research, independent and have no commercial bias, ensuring that you can rely on them to make an informed decision. Alternatively, please call us on 0800 321 3581 to discuss your savings with one of our expert advisers.

*High interest current accounts often have a number of conditions attached to qualify for the headline rate. Please ensure you carefully read the terms and conditions before proceeding. Many of these current accounts do not require customers to switch their main account.