After a slow start to the year, there has been a definite increase in new best buy rates coming to the market this week.
This time it’s the turn of Charter Savings Bank.
The new issue of its 95 day notice account has stormed to the top of our notice account best buy table, paying 1.90% gross/AER.
This is the first time that a notice account has paid as much as this for three years – and even then it was a 120 day notice account.
With rates on the up, notice accounts could be a valuable halfway house between having easy access with lower rates and tying your cash up for a year or more. At 1.90%, this is just 0.20% less than the best 12 month fixed term bond from Gatehouse Bank* – yet you could have access to your cash after just over three months.
Charter Savings Bank has also launched new issues of some of its fixed rate bonds and fixed rate cash ISAs, some of which are very competitive.
Its one year fixed rate bond is paying 2.03%, up from 2.01%, and now sits just behind Atom Bank, which is paying 2.05%, for those who are happy to open and manage their savings account using a smartphone app.
The new issues of its one and two year fixed rate cash ISAs are also worth a look. The one year option is in third position, just behind the market leader Aldermore (1.70%) and Cynergy Bank (1.68%)*, paying 1.67% tax free/AER.
The two year fixed rate cash ISA has jumped to the very top, paying a market leading 1.87% tax free/AER.
These new competitive accounts may not be available for long, so if you are looking for a new home for some of your cash and these are of interest, it’s best not to hang around or you could miss out.
For help finding the most suitable savings account for you, either consult our independent best buy tables or call one of our savings experts on 0800 321 3581.
*We are occasionally paid by some providers if you click through from our Best Buy Tables and open a savings or current account with them. We will never accept a payment that compromises in any way our independent, whole of market approach to providing information on savings products. For clarity we will indicate those companies who remunerate us with an asterisk (*).
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