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Bonds are limited edition accounts which may be withdrawn from sale at any time without notice, so if you see one you like, don’t wait too long to apply as there are no guarantees it will still be available the next time you look. You can apply for and manage your bond either online or through the post.
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 make a deposit into an online account within 14 days, or into a postal account within 30 days, after which no further deposits can be made
- you can deposit any amount between £5,000 and £1,000,000
- 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 or by post
paid Balance
from Balance
to Gross
interest** AER* Online Postal
-
Name:1 Year Fixed Rate Bond
Interest Paid:Annually
Balance From:
£5,000
Balance To:
£1,000,000
Gross Interest**:2.05%
AER*:2.05%
Online:
Postal:
-
-
Summary Box
Account Name1 Year Fixed Rate Bond Apply now
What is the interest rate?Annual Interest Balance Gross1 AER2 £5,000 - £1,000,000 2.05% 2.05% Interest will be paid annually on the anniversary of your initial deposit.
Interest is calculated daily at the interest rate at the end of that day.
You can choose to have your interest paid into your 1 Year Fixed Rate Bond Account, another Charter Savings Bank account held by you (subject to the specific conditions of that account) or your Nominated Account.
Can Charter Savings Bank change the interest rate?No. The interest rate is fixed for 1 year from the date your initial deposit is credited to your Fixed Rate Bond (the Fixed Rate Period).
What would the estimated balance be after 12 months based on a £5,000 deposit?Annual Interest Initial Deposit Interest Earned Balance at the end of the term £5,000 £102.50 £5,102.50 The above examples are for illustrative purposes only, they do not take account of your individual circumstances and make the following assumptions:
- your initial deposit is paid into the Account by Electronic Transfer when it is opened
- no further deposits are made during the Fixed Rate Period
- the period does not cover a leap year
- each month lasts 30.416 days (365 days divided by 12 months)
- interest is credited to the Account
How do I open and manage my account?- You must be aged 18 or over and reside in the UK. The Account cannot be used by clubs or charities or held in trust for anyone else.
- You can apply for an Online Account through our website, at chartersavingsbank.co.uk
-
Minimum deposit of £5,000, maximum account balance of £1,000,000. Once the Account is opened, and provided the product has not been closed to new deposits, you have a limited period in which you can make deposits into the Account:
- For Online Accounts that is up to 14 days, beginning on the day you apply for your Fixed Rate Bond.
- Deposits into the Account must be from your Nominated Account. You can do this by Electronic Transfer or by cheque if it’s an initial deposit.
-
If you would like to get in contact with us please:
- call us on 0800 032 9999 (or +44 330 123 1111 if calling from outside of the UK).
- email us at: [email protected].
- for Online Accounts use the secure messaging service by logging in to our online banking service at chartersavingsbank.co.uk.
Can I withdraw money?No withdrawals are permitted during the Fixed Rate Period.
Your Account will mature at the end of the last day of the Fixed Rate Period. We’ll write to you before then to remind you of that date and ask you what you would like to do with the funds in the Account at maturity.
You can either withdraw your funds into your Nominated Account or transfer them into a new or existing Charter Savings Bank account in your name (subject to meeting any Specific Conditions for that account).
We will need to have received your instructions for what you wish us to do 2 calendar days before the end of the Fixed Rate Period otherwise at the end of the Fixed Rate Period your Account will become a variable rate Account without any withdrawal restrictions. We will tell you the interest rate and terms and conditions which will apply to that Account when we write to you before maturity.
Additional information- As this is a limited issue Fixed Rate Bond, we can withdraw it from sale at any time without notice.
How interest on your savings is taxed:
- We do not deduct tax from the interest we pay. It’s your responsibility to ensure that any tax is paid; the way interest is taxed depends upon individual circumstances and may change in the future.
Definitions:
- 1GROSS. The interest that you earn on money in your Account before income tax is deducted.
- 2AER. This stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- 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.
-
-
Name:1 Year Fixed Rate Bond
Interest Paid:Monthly
Balance From:
£5,000
Balance To:
£1,000,000
Gross Interest**:2.03%
AER*:2.05%
Online:
Postal:
-
-
Summary Box
Account Name1 Year Fixed Rate Bond Apply now
What is the interest rate?Monthly Interest Balance Gross1 AER2 £5,000 - £1,000,000 2.03% 2.05% 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 at the end of that day.
You can choose to have your interest paid into your 1 Year Fixed Rate Bond Account, another Charter Savings Bank account held by you (subject to the specific conditions of that account) or your Nominated Account.
Can Charter Savings Bank change the interest rate?No. The interest rate is fixed for 1 year from the date your initial deposit is credited to your Fixed Rate Bond (the Fixed Rate Period).
What would the estimated balance be after 12 months based on a £5,000 deposit?Monthly Interest Initial Deposit Interest Earned Balance at the end of the term £5,000 £102.45 £5,102.45 The above examples are for illustrative purposes only, they do not take account of your individual circumstances and make the following assumptions:
- your initial deposit is paid into the Account by Electronic Transfer when it is opened
- no further deposits are made during the Fixed Rate Period
- the period does not cover a leap year
- each month lasts 30.416 days (365 days divided by 12 months)
- interest is credited to the Account
How do I open and manage my account?- You must be aged 18 or over and reside in the UK. The Account cannot be used by clubs or charities or held in trust for anyone else.
- You can apply for an Online Account through our website, at chartersavingsbank.co.uk
-
Minimum deposit of £5,000, maximum account balance of £1,000,000. Once the Account is opened, and provided the product has not been closed to new deposits, you have a limited period in which you can make deposits into the Account:
- For Online Accounts that is up to 14 days, beginning on the day you apply for your Fixed Rate Bond.
- Deposits into the Account must be from your Nominated Account. You can do this by Electronic Transfer or by cheque if it’s an initial deposit.
-
If you would like to get in contact with us please:
- call us on 0800 032 9999 (or +44 330 123 1111 if calling from outside of the UK).
- email us at: [email protected].
- for Online Accounts use the secure messaging service by logging in to our online banking service at chartersavingsbank.co.uk.
Can I withdraw money?No withdrawals are permitted during the Fixed Rate Period.
Your Account will mature at the end of the last day of the Fixed Rate Period. We’ll write to you before then to remind you of that date and ask you what you would like to do with the funds in the Account at maturity.
You can either withdraw your funds into your Nominated Account or transfer them into a new or existing Charter Savings Bank account in your name (subject to meeting any Specific Conditions for that account).
We will need to have received your instructions for what you wish us to do 2 calendar days before the end of the Fixed Rate Period otherwise at the end of the Fixed Rate Period your Account will become a variable rate Account without any withdrawal restrictions. We will tell you the interest rate and terms and conditions which will apply to that Account when we write to you before maturity.
Additional information- As this is a limited issue Fixed Rate Bond, we can withdraw it from sale at any time without notice.
How interest on your savings is taxed:
- We do not deduct tax from the interest we pay. It’s your responsibility to ensure that any tax is paid; the way interest is taxed depends upon individual circumstances and may change in the future.
Definitions:
- 1GROSS. The interest that you earn on money in your Account before income tax is deducted.
- 2AER. This stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- 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.
-
-
Name:2 Year Fixed Rate Bond
Interest Paid:Annually
Balance From:
£5,000
Balance To:
£1,000,000
Gross Interest**:2.35%
AER*:2.35%
Online:
Postal:
-
-
Summary Box
Account Name2 Year Fixed Rate Bond Apply now
What is the interest rate?Annual Interest Balance Gross1 AER2 £5,000 - £1,000,000 2.35% 2.35% Interest will be paid annually on the anniversary of your initial deposit.
Interest is calculated daily at the interest rate at the end of that day.
You can choose to have your interest paid into your 2 Year Fixed Rate Bond Account, another Charter Savings Bank account held by you (subject to the specific conditions of that account) or your Nominated Account.
Can Charter Savings Bank change the interest rate?No. The interest rate is fixed for 2 years from the date your initial deposit is credited to your Fixed Rate Bond (the Fixed Rate Period).
What would the estimated balance be after 24 months based on a £5,000 deposit?Annual Interest Initial Deposit Interest Earned Balance at the end of the term £5,000 £237.76 £5,237.76 The above examples are for illustrative purposes only, they do not take account of your individual circumstances and make the following assumptions:
- your initial deposit is paid into the Account by Electronic Transfer when it is opened
- no further deposits are made during the Fixed Rate Period
- the period does not cover a leap year
- each month lasts 30.416 days (365 days divided by 12 months)
- interest is credited to the Account
How do I open and manage my account?- You must be aged 18 or over and reside in the UK. The Account cannot be used by clubs or charities or held in trust for anyone else.
- You can apply for an Online Account through our website, at chartersavingsbank.co.uk
-
Minimum deposit of £5,000, maximum account balance of £1,000,000. Once the Account is opened, and provided the product has not been closed to new deposits, you have a limited period in which you can make deposits into the Account:
- For Online Accounts that is up to 14 days, beginning on the day you apply for your Fixed Rate Bond.
- Deposits into the Account must be from your Nominated Account. You can do this by Electronic Transfer or by cheque if it’s an initial deposit.
-
If you would like to get in contact with us please:
- call us on 0800 032 9999 (or +44 330 123 1111 if calling from outside of the UK).
- email us at: [email protected].
- for Online Accounts use the secure messaging service by logging in to our online banking service at chartersavingsbank.co.uk.
Can I withdraw money?No withdrawals are permitted during the Fixed Rate Period.
Your Account will mature at the end of the last day of the Fixed Rate Period. We’ll write to you before then to remind you of that date and ask you what you would like to do with the funds in the Account at maturity.
You can either withdraw your funds into your Nominated Account or transfer them into a new or existing Charter Savings Bank account in your name (subject to meeting any Specific Conditions for that account).
We will need to have received your instructions for what you wish us to do 2 calendar days before the end of the Fixed Rate Period otherwise at the end of the Fixed Rate Period your Account will become a variable rate Account without any withdrawal restrictions. We will tell you the interest rate and terms and conditions which will apply to that Account when we write to you before maturity.
Additional information- As this is a limited issue Fixed Rate Bond, we can withdraw it from sale at any time without notice.
How interest on your savings is taxed:
- We do not deduct tax from the interest we pay. It’s your responsibility to ensure that any tax is paid; the way interest is taxed depends upon individual circumstances and may change in the future.
Definitions:
- 1GROSS. The interest that you earn on money in your Account before income tax is deducted.
- 2AER. This stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- 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.
-
-
Name:2 Year Fixed Rate Bond
Interest Paid:Monthly
Balance From:
£5,000
Balance To:
£1,000,000
Gross Interest**:2.33%
AER*:2.35%
Online:
Postal:
-
-
Summary Box
Account Name2 Year Fixed Rate Bond Apply now
What is the interest rate?Monthly Interest Balance Gross1 AER2 £5,000 - £1,000,000 2.33% 2.35% 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 at the end of that day.
You can choose to have your interest paid into your 2 Year Fixed Rate Bond Account, another Charter Savings Bank account held by you (subject to the specific conditions of that account) or your Nominated Account.
Can Charter Savings Bank change the interest rate?No. The interest rate is fixed for 2 years from the date your initial deposit is credited to your Fixed Rate Bond (the Fixed Rate Period).
What would the estimated balance be after 24 months based on a £5,000 deposit?Monthly Interest Initial Deposit Interest Earned Balance at the end of the term £5,000 £238.28 £5,238.28 The above examples are for illustrative purposes only, they do not take account of your individual circumstances and make the following assumptions:
- your initial deposit is paid into the Account by Electronic Transfer when it is opened
- no further deposits are made during the Fixed Rate Period
- the period does not cover a leap year
- each month lasts 30.416 days (365 days divided by 12 months)
- interest is credited to the Account
How do I open and manage my account?- You must be aged 18 or over and reside in the UK. The Account cannot be used by clubs or charities or held in trust for anyone else.
- You can apply for an Online Account through our website, at chartersavingsbank.co.uk
-
Minimum deposit of £5,000, maximum account balance of £1,000,000. Once the Account is opened, and provided the product has not been closed to new deposits, you have a limited period in which you can make deposits into the Account:
- For Online Accounts that is up to 14 days, beginning on the day you apply for your Fixed Rate Bond.
- Deposits into the Account must be from your Nominated Account. You can do this by Electronic Transfer or by cheque if it’s an initial deposit.
-
If you would like to get in contact with us please:
- call us on 0800 032 9999 (or +44 330 123 1111 if calling from outside of the UK).
- email us at: [email protected].
- for Online Accounts use the secure messaging service by logging in to our online banking service at chartersavingsbank.co.uk.
Can I withdraw money?No withdrawals are permitted during the Fixed Rate Period.
Your Account will mature at the end of the last day of the Fixed Rate Period. We’ll write to you before then to remind you of that date and ask you what you would like to do with the funds in the Account at maturity.
You can either withdraw your funds into your Nominated Account or transfer them into a new or existing Charter Savings Bank account in your name (subject to meeting any Specific Conditions for that account).
We will need to have received your instructions for what you wish us to do 2 calendar days before the end of the Fixed Rate Period otherwise at the end of the Fixed Rate Period your Account will become a variable rate Account without any withdrawal restrictions. We will tell you the interest rate and terms and conditions which will apply to that Account when we write to you before maturity.
Additional information- As this is a limited issue Fixed Rate Bond, we can withdraw it from sale at any time without notice.
How interest on your savings is taxed:
- We do not deduct tax from the interest we pay. It’s your responsibility to ensure that any tax is paid; the way interest is taxed depends upon individual circumstances and may change in the future.
Definitions:
- 1GROSS. The interest that you earn on money in your Account before income tax is deducted.
- 2AER. This stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- 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.
-
-
Name:3 Year Fixed Rate Bond
Interest Paid:Annually
Balance From:
£5,000
Balance To:
£1,000,000
Gross Interest**:2.50%
AER*:2.50%
Online:
Postal:
-
-
Summary Box
Account Name3 Year Fixed Rate Bond Apply now
What is the interest rate?Annual Interest Balance Gross1 AER2 £5,000 - £1,000,000 2.50% 2.50% Interest will be paid annually on the anniversary of your initial deposit.
Interest is calculated daily at the interest rate at the end of that day.
You can choose to have your interest paid into your 3 Year Fixed Rate Bond Account, another Charter Savings Bank account held by you (subject to the specific conditions of that account) or your Nominated Account.
Can Charter Savings Bank change the interest rate?No. The interest rate is fixed for 3 years from the date your initial deposit is credited to your Fixed Rate Bond (the Fixed Rate Period).
What would the estimated balance be after 36 months based on a £5,000 deposit?Annual Interest Initial Deposit Interest Earned Balance at the end of the term £5,000 £384.45 £5,384.45 The above examples are for illustrative purposes only, they do not take account of your individual circumstances and make the following assumptions:
- your initial deposit is paid into the Account by Electronic Transfer when it is opened
- no further deposits are made during the Fixed Rate Period
- the period does not cover a leap year
- each month lasts 30.416 days (365 days divided by 12 months)
- interest is credited to the Account
How do I open and manage my account?- You must be aged 18 or over and reside in the UK. The Account cannot be used by clubs or charities or held in trust for anyone else.
- You can apply for an Online Account through our website, at chartersavingsbank.co.uk
-
Minimum deposit of £5,000, maximum account balance of £1,000,000. Once the Account is opened, and provided the product has not been closed to new deposits, you have a limited period in which you can make deposits into the Account:
- For Online Accounts that is up to 14 days, beginning on the day you apply for your Fixed Rate Bond.
- Deposits into the Account must be from your Nominated Account. You can do this by Electronic Transfer or by cheque if it’s an initial deposit.
-
If you would like to get in contact with us please:
- call us on 0800 032 9999 (or +44 330 123 1111 if calling from outside of the UK).
- email us at: [email protected].
- for Online Accounts use the secure messaging service by logging in to our online banking service at chartersavingsbank.co.uk.
Can I withdraw money?No withdrawals are permitted during the Fixed Rate Period.
Your Account will mature at the end of the last day of the Fixed Rate Period. We’ll write to you before then to remind you of that date and ask you what you would like to do with the funds in the Account at maturity.
You can either withdraw your funds into your Nominated Account or transfer them into a new or existing Charter Savings Bank account in your name (subject to meeting any Specific Conditions for that account).
We will need to have received your instructions for what you wish us to do 2 calendar days before the end of the Fixed Rate Period otherwise at the end of the Fixed Rate Period your Account will become a variable rate Account without any withdrawal restrictions. We will tell you the interest rate and terms and conditions which will apply to that Account when we write to you before maturity.
Additional information- As this is a limited issue Fixed Rate Bond, we can withdraw it from sale at any time without notice.
How interest on your savings is taxed:
- We do not deduct tax from the interest we pay. It’s your responsibility to ensure that any tax is paid; the way interest is taxed depends upon individual circumstances and may change in the future.
Definitions:
- 1GROSS. The interest that you earn on money in your Account before income tax is deducted.
- 2AER. This stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- 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.
-
-
Name:3 Year Fixed Rate Bond
Interest Paid:Monthly
Balance From:
£5,000
Balance To:
£1,000,000
Gross Interest**:2.47%
AER*:2.50%
Online:
Postal:
-
-
Summary Box
Account Name3 Year Fixed Rate Bond Apply now
What is the interest rate?Monthly Interest Balance Gross1 AER2 £5,000 - £1,000,000 2.47% 2.50% 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 at the end of that day.
You can choose to have your interest paid into your 3 Year Fixed Rate Bond Account, another Charter Savings Bank account held by you (subject to the specific conditions of that account) or your Nominated Account.
Can Charter Savings Bank change the interest rate?No. The interest rate is fixed for 3 years from the date your initial deposit is credited to your Fixed Rate Bond (the Fixed Rate Period).
What would the estimated balance be after 36 months based on a £5,000 deposit?Monthly Interest Initial Deposit Interest Earned Balance at the end of the term £5,000 £384.16 £5,384.16 The above examples are for illustrative purposes only, they do not take account of your individual circumstances and make the following assumptions:
- your initial deposit is paid into the Account by Electronic Transfer when it is opened
- no further deposits are made during the Fixed Rate Period
- the period does not cover a leap year
- each month lasts 30.416 days (365 days divided by 12 months)
- interest is credited to the Account
How do I open and manage my account?- You must be aged 18 or over and reside in the UK. The Account cannot be used by clubs or charities or held in trust for anyone else.
- You can apply for an Online Account through our website, at chartersavingsbank.co.uk
-
Minimum deposit of £5,000, maximum account balance of £1,000,000. Once the Account is opened, and provided the product has not been closed to new deposits, you have a limited period in which you can make deposits into the Account:
- For Online Accounts that is up to 14 days, beginning on the day you apply for your Fixed Rate Bond.
- Deposits into the Account must be from your Nominated Account. You can do this by Electronic Transfer or by cheque if it’s an initial deposit.
-
If you would like to get in contact with us please:
- call us on 0800 032 9999 (or +44 330 123 1111 if calling from outside of the UK).
- email us at: [email protected].
- for Online Accounts use the secure messaging service by logging in to our online banking service at chartersavingsbank.co.uk.
Can I withdraw money?No withdrawals are permitted during the Fixed Rate Period.
Your Account will mature at the end of the last day of the Fixed Rate Period. We’ll write to you before then to remind you of that date and ask you what you would like to do with the funds in the Account at maturity.
You can either withdraw your funds into your Nominated Account or transfer them into a new or existing Charter Savings Bank account in your name (subject to meeting any Specific Conditions for that account).
We will need to have received your instructions for what you wish us to do 2 calendar days before the end of the Fixed Rate Period otherwise at the end of the Fixed Rate Period your Account will become a variable rate Account without any withdrawal restrictions. We will tell you the interest rate and terms and conditions which will apply to that Account when we write to you before maturity.
Additional information- As this is a limited issue Fixed Rate Bond, we can withdraw it from sale at any time without notice.
How interest on your savings is taxed:
- We do not deduct tax from the interest we pay. It’s your responsibility to ensure that any tax is paid; the way interest is taxed depends upon individual circumstances and may change in the future.
Definitions:
- 1GROSS. The interest that you earn on money in your Account before income tax is deducted.
- 2AER. This stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- 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.
-
|
* AER stands for annual equivalent rate and illustrates what the interest rate would be if it was paid and compounded once each year.
|
Financial Services Compensation Scheme
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.
