New challenger bank reveals products

New challenger bank reveals products



Charter Savings Bank owned by Precise Mortgages’ parent, Charter Court Financial Services, has launched a portfolio of competitive savings accounts.


Charter Savings Bank owned by Precise Mortgages’ parent, Charter Court Financial Services, has launched a portfolio of competitive savings accounts.

The new bank made the three core savings accounts available yesterday, including Easy Access, Notice, and Fixed Rate Bonds.

Easy Access offers a variable rate of 1.25 per cent AER, 95 Day Notice offers a variable rate of 1.75 per cent AER and a suite of Fixed Rate Bonds range from 1.80 per cent AER to 2.5 per cent AER.

All accounts also offer monthly or annual interest payments, in order for savers to have the option to gain a regular income from their savings.

Commenting on the products, Ian Lonergan Chief Executive Officer of Charter Savings Bank said: “When we launched Charter Savings Bank our vision was simple: to create straightforward savings accounts with competitive rates, backed by reliable service, to help savers meet their financial goals.

“We know a significant number of savers are struggling to achieve good returns on their savings in today’s economic climate, but we are confident that our accounts will provide a better deal for customers.”

Paul Whitlock Director of Savings Charter Savings Bank added: “We’re proud of our core products which aim to provide a portfolio of saving accounts with something for everyone, whether they need access to their funds straightaway or if they want to put them away for a longer term.

“Increased choice from banks will benefit consumers, not just in price, but also in the service they receive.”

Charter Savings Bank announced the approval of its banking licence in January this year, and is also covered by the FSCS.



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