Fixed Rate Bond

Overview

Fixed Rate Bonds generally offer a higher rate of interest for money that you can afford to put away for a year or more. The rate of interest is fixed for the full term of the bond, but you need to ensure you won't need access to your savings as you won't be able to make a withdrawal until the end of the fixed period.

Bonds are limited edition accounts which may be withdrawn at any time without notice, so if you see one you like, don't take too long to apply as there are no guarantees it will still be available the next time you look.

To make sure it's the right account for you, please read through the Key product details and the Is it for me? sections, together with the General Savings Conditions and the Key Features & Summary Box document which includes the specific conditions for the account.

Key product details

Things you need to know about our Fixed Rate Bonds are:

  • you'll earn a fixed rate of interest for a fixed period of time
  • you can deposit any amount between £1,000 and £250,000 within the first 14 days, after which no further deposits can be made
  • we calculate interest daily and can pay it to you either monthly or annually
  • you cannot make withdrawals or close the account during the fixed rate period
  • all payments to and from your Charter Savings Bank account must be from the same UK bank or building society Nominated Account you provide when applying for the Account

Is it for me?

This might be the right type of account for you if you:

  • want to fix the interest rate your savings earn for a fixed period of time
  • know you won't need access to your savings during the fixed period
  • want an account you can open and manage online

Name Interest
paid
Balance
from
Balance
to
Gross
interest**
AER* Key Features &
Summary Box
Name:1 Year Fixed Rate Bond Interest Paid:Annually Balance From: £1,000 Balance To: £250,000 Gross Interest**:1.81% AER*:1.81% Key Features:KFD  
Name:1 Year Fixed Rate Bond Interest Paid:Monthly Balance From: £1,000 Balance To: £250,000 Gross Interest**:1.80% AER*:1.81% Key Features:KFD  
Name:18 Month Fixed Rate Bond Interest Paid:Annually Balance From: £1,000 Balance To: £250,000 Gross Interest**:1.87% AER*:1.87% Key Features:KFD  
Name:18 Month Fixed Rate Bond Interest Paid:Monthly Balance From: £1,000 Balance To: £250,000 Gross Interest**:1.85% AER*:1.87% Key Features:KFD  
Name:2 Year Fixed Rate Bond Interest Paid:Annually Balance From: £1,000 Balance To: £250,000 Gross Interest**:1.96% AER*:1.96% Key Features:KFD  
Name:2 Year Fixed Rate Bond Interest Paid:Monthly Balance From: £1,000 Balance To: £250,000 Gross Interest**:1.94% AER*:1.96% Key Features:KFD  
Name:5 Year Fixed Rate Bond Interest Paid:Annually Balance From: £1,000 Balance To: £250,000 Gross Interest**:2.21% AER*:2.21% Key Features:KFD  
Name:5 Year Fixed Rate Bond Interest Paid:Monthly Balance From: £1,000 Balance To: £250,000 Gross Interest**:2.19% AER*:2.21% Key Features:KFD  

* AER stands for annual equivalent rate and illustrates what the interest rate would be if it was paid and compounded once each year.
** GROSS - the interest that you earn on money in your account before income tax is deducted.
The notice and easy access accounts have variable interest rates.
We reserve the right to withdraw these products from sale at any time.

Financial Services Compensation Scheme

Financial Services Compensation Scheme

Your eligible deposits with Charter Savings Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered. Please click here for further information or visit www.fscs.org.uk.