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Easy Access accounts are just the thing for money that you need access to quickly. No fixed periods, no need to give notice, just a simple account where your money earns interest until you need it.
Our Easy Access account does exactly what its name suggests. Want to put more money in? No problem. Want to take money out? No problem. See, it's easy.
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 & Summary Box document which includes the specific conditions for the account.
Things you need to know about our Easy Access accounts are:
This might be the right type of account for you if you:
Interest will be paid one month after your initial deposit into your Account and on that day in every month after that.
Interest is calculated daily at the interest rate for the balance in the Account at the end of that day. As long as you have £1 or more in the Account you will receive the variable interest rate for the whole balance in your Account.
You can choose to have your interest paid into your Easy Access - Issue 58 Account, another Charter Savings Bank account held by you (subject to the specific conditions of that account) or your Nominated Account.
Yes, the interest rate is variable for balances of £1 and over.
This means that we can vary the interest rate for balances of £1 and over for any of the reasons set out in section 20 of the General Savings Conditions (for example to reflect a change in Bank of England Base Rate, a change to our costs, to reflect market conditions or for any other reason at our discretion if we are increasing the interest rate or relying on condition 20.3).
The above examples are for illustrative purposes only, they do not take account of your individual circumstances and make the following assumptions:
*AER: This stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
**GROSS:The interest that you earn on money in your Account before income tax is deducted
The definitions section of our General Savings Conditions define what Nominated Account and Electronic Transfer mean.
Please read this Summary Box in conjunction with the Specific Conditions contained in the Key Features & Summary Box document above, our General Savings Conditions and Tariff of Fees. These together with your Application Form make up our agreement with you.
Interest will be paid annually on the anniversary of your initial deposit.
Interest is calculated daily at the interest rate for the balance in the Account at the end of that day. As long as you have £1 or more in the Account you will receive the variable interest rate for the whole balance in your Account.
You can choose to have your interest paid into your Easy Access - Issue 58 Account, another Charter Savings Bank account held by you (subject to the specific conditions of that account) or your Nominated Account.
Yes, the interest rate is variable for balances of £1 and over.
This means that we can vary the interest rate for balances of £1 and over for any of the reasons set out in section 20 of the General Savings Conditions (for example to reflect a change in Bank of England Base Rate, a change to our costs, to reflect market conditions or for any other reason at our discretion if we are increasing the interest rate or relying on condition 20.3).
The above examples are for illustrative purposes only, they do not take account of your individual circumstances and make the following assumptions:
*AER: This stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
**GROSS:The interest that you earn on money in your Account before income tax is deducted
The definitions section of our General Savings Conditions define what Nominated Account and Electronic Transfer mean.
Please read this Summary Box in conjunction with the Specific Conditions contained in the Key Features & Summary Box document above, our General Savings Conditions and Tariff of Fees. These together with your Application Form make up our agreement with you.
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* AER stands for annual equivalent rate and illustrates what the interest rate would be if it was paid and compounded once each year. |
Your eligible deposits held by a UK establishment of 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.
