Notice Account
Notice accounts are a great way of looking after your short to medium term savings needs, paying a higher interest rate on cash you don't need immediate access to.
Our Notice accounts mean you can still enjoy attractive interest rates without locking your money away for years at a time.
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.
Things you need to know about our Notice accounts are:
- you can deposit any amount between £5,000 and £1,000,000
- you can add to your savings at any time (up to the £1,000,000 maximum)
- we calculate interest daily and you can receive it monthly or annually
- the interest rate is variable
- you must give us the agreed amount of notice to make a withdrawal
- if your balance falls below £5,000, your interest rate will reduce to 0.10% AER* (0.10% annual GROSS**; 0.10% monthly GROSS**) fixed until your balance increases to £5,000 or more
- 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
This might be the right type of account for you if you:
- want to achieve a higher rate of interest than you might get with an Easy Access account
- know you won't need immediate access to your savings
- want peace of mind that you can access your savings by simply giving us the agreed amount of notice
- want an account you can open and manage online
paid Balance
from Balance
to Gross
interest** AER* Online Postal
30 Day Notice - Issue 23
-
AER*
4.80 %
Gross interest**
4.80 %
Balance
£5,000 - £1,000,000
Interest paid
Annually
-
-
- Key facts
- Account management
- Additional information
Key facts
What is the interest rate?
You invest
£5,000 - £1,000,000
£1 - £5,000
You Get
AER*
4.80 %
Gross*
4.80 %
AER*
0.10 %
Gross*
0.10 %
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 £5,000 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 30 Day Notice - Issue 23 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?
Yes, the interest rate is variable for balances of £5,000 and over but fixed for balances below £5,000.
This means that we can vary the interest rate for balances of £5,000 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).
- If we increase the interest rate, because this is to your advantage, it can be made at any time and we will notify you at the earliest opportunity afterwards on our website.
- If we decrease the interest rate we will give you at least 14 days’ notice of the reduction by post, email or secure message.
What would the estimated balance be after 12 months based on a £5,000 deposit?
Initial Deposit
£5,000
Annual Interest Earned
£240.00
Balance at the end of the term
£5,241.00
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 and no withdrawals are made during the 12 month period
- the interest rate doesn’t vary during the 12 month 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
Account management
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:
- 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?
You can make a withdrawal from your 30 Day Notice - Issue 23 Account through our website – chartersavingsbank.co.uk at any time. You must give us 30 days’ notice.
Withdrawals can only be made to your Nominated Account or another Charter Savings Bank account in your name (subject to the conditions of the chosen account).
Apply nowAdditional information
Apply now- We reserve the right to withdraw this product from sale at any time.
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:
*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.
-
30 Day Notice - Issue 23
-
AER*
4.80 %
Gross interest**
4.70 %
Balance
£5,000 - £1,000,000
Interest paid
Monthly
-
-
- Key facts
- Account management
- Additional information
Key facts
What is the interest rate?
You invest
£5,000 - £1,000,000
£1 - £5,000
You Get
AER*
4.80 %
Gross*
4.70 %
AER*
0.10 %
Gross*
0.10 %
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 £5,000 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 30 Day Notice - Issue 23 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?
Yes, the interest rate is variable for balances of £5,000 and over but fixed for balances below £5,000.
This means that we can vary the interest rate for balances of £5,000 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).
- If we increase the interest rate, because this is to your advantage, it can be made at any time and we will notify you at the earliest opportunity afterwards on our website.
- If we decrease the interest rate we will give you at least 14 days’ notice of the reduction by post, email or secure message.
What would the estimated balance be after 12 months based on a £5,000 deposit?
Initial Deposit
£5,000
Annual Interest Earned
£240.13
Balance at the end of the term
£5,241.13
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 and no withdrawals are made during the 12 month period
- the interest rate doesn’t vary during the 12 month 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
Account management
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:
- 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?
You can make a withdrawal from your 30 Day Notice - Issue 23 Account through our website – chartersavingsbank.co.uk at any time. You must give us 30 days’ notice.
Withdrawals can only be made to your Nominated Account or another Charter Savings Bank account in your name (subject to the conditions of the chosen account).
Apply nowAdditional information
Apply now- We reserve the right to withdraw this product from sale at any time.
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:
*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.
-
60 Day Notice - Issue 33
-
AER*
5.06 %
Gross interest**
5.06 %
Balance
£5,000 - £1,000,000
Interest paid
Annually
-
-
- Key facts
- Account management
- Additional information
Key facts
What is the interest rate?
You invest
£5,000 - £1,000,000
£1 - £5,000
You Get
AER*
5.06 %
Gross*
5.06 %
AER*
0.10 %
Gross*
0.10 %
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 £5,000 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 60 Day Notice - Issue 33 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?
Yes, the interest rate is variable for balances of £5,000 and over but fixed for balances below £5,000.
This means that we can vary the interest rate for balances of £5,000 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).
- If we increase the interest rate, because this is to your advantage, it can be made at any time and we will notify you at the earliest opportunity afterwards on our website.
- If we decrease the interest rate we will give you at least 14 days’ notice of the reduction by post, email or secure message.
What would the estimated balance be after 12 months based on a £5,000 deposit?
Initial Deposit
£5,000
Annual Interest Earned
£253.00
Balance at the end of the term
£5,254.00
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 and no withdrawals are made during the 12 month period
- the interest rate doesn’t vary during the 12 month 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
Account management
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:
- 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?
You can make a withdrawal from your 60 Day Notice - Issue 33 Account through our website – chartersavingsbank.co.uk at any time. You must give us 60 days’ notice.
Withdrawals can only be made to your Nominated Account or another Charter Savings Bank account in your name (subject to the conditions of the chosen account).
Apply nowAdditional information
Apply now- We reserve the right to withdraw this product from sale at any time.
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:
*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.
-
60 Day Notice - Issue 33
-
AER*
5.06 %
Gross interest**
4.95 %
Balance
£5,000 - £1,000,000
Interest paid
Monthly
-
-
- Key facts
- Account management
- Additional information
Key facts
What is the interest rate?
You invest
£5,000 - £1,000,000
£1 - £5,000
You Get
AER*
5.06 %
Gross*
4.95 %
AER*
0.10 %
Gross*
0.10 %
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 £5,000 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 60 Day Notice - Issue 33 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?
Yes, the interest rate is variable for balances of £5,000 and over but fixed for balances below £5,000.
This means that we can vary the interest rate for balances of £5,000 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).
- If we increase the interest rate, because this is to your advantage, it can be made at any time and we will notify you at the earliest opportunity afterwards on our website.
- If we decrease the interest rate we will give you at least 14 days’ notice of the reduction by post, email or secure message.
What would the estimated balance be after 12 months based on a £5,000 deposit?
Initial Deposit
£5,000
Annual Interest Earned
£253.19
Balance at the end of the term
£5,254.19
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 and no withdrawals are made during the 12 month period
- the interest rate doesn’t vary during the 12 month 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
Account management
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:
- 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?
You can make a withdrawal from your 60 Day Notice - Issue 33 Account through our website – chartersavingsbank.co.uk at any time. You must give us 60 days’ notice.
Withdrawals can only be made to your Nominated Account or another Charter Savings Bank account in your name (subject to the conditions of the chosen account).
Apply nowAdditional information
Apply now- We reserve the right to withdraw this product from sale at any time.
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:
*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.
-
95 Day Notice - Issue 68
-
AER*
4.96 %
Gross interest**
4.85 %
Balance
£5,000 - £1,000,000
Interest paid
Monthly
-
-
- Key facts
- Account management
- Additional information
Key facts
What is the interest rate?
You invest
£5,000 - £1,000,000
£1 - £5,000
You Get
AER*
4.96 %
Gross*
4.85 %
AER*
0.10 %
Gross*
0.10 %
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 £5,000 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 95 Day Notice - Issue 68 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?
Yes, the interest rate is variable for balances of £5,000 and over but fixed for balances below £5,000.
This means that we can vary the interest rate for balances of £5,000 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).
- If we increase the interest rate, because this is to your advantage, it can be made at any time and we will notify you at the earliest opportunity afterwards on our website.
- If we decrease the interest rate we will give you at least 14 days’ notice of the reduction by post, email or secure message.
What would the estimated balance be after 12 months based on a £5,000 deposit?
Initial Deposit
£5,000
Annual Interest Earned
£247.96
Balance at the end of the term
£5,248.96
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 and no withdrawals are made during the 12 month period
- the interest rate doesn’t vary during the 12 month 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
Account management
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:
- 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?
You can make a withdrawal from your 95 Day Notice - Issue 68 Account through our website – chartersavingsbank.co.uk at any time. You must give us 95 days’ notice.
Withdrawals can only be made to your Nominated Account or another Charter Savings Bank account in your name (subject to the conditions of the chosen account).
Apply nowAdditional information
Apply now- We reserve the right to withdraw this product from sale at any time.
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:
*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.
-
95 Day Notice - Issue 68
-
AER*
4.96 %
Gross interest**
4.96 %
Balance
£5,000 - £1,000,000
Interest paid
Annually
-
-
- Key facts
- Account management
- Additional information
Key facts
What is the interest rate?
You invest
£5,000 - £1,000,000
£1 - £5,000
You Get
AER*
4.96 %
Gross*
4.96 %
AER*
0.10 %
Gross*
0.10 %
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 £5,000 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 95 Day Notice - Issue 68 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?
Yes, the interest rate is variable for balances of £5,000 and over but fixed for balances below £5,000.
This means that we can vary the interest rate for balances of £5,000 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).
- If we increase the interest rate, because this is to your advantage, it can be made at any time and we will notify you at the earliest opportunity afterwards on our website.
- If we decrease the interest rate we will give you at least 14 days’ notice of the reduction by post, email or secure message.
What would the estimated balance be after 12 months based on a £5,000 deposit?
Initial Deposit
£5,000
Annual Interest Earned
£248.00
Balance at the end of the term
£5,249.00
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 and no withdrawals are made during the 12 month period
- the interest rate doesn’t vary during the 12 month 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
Account management
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:
- 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?
You can make a withdrawal from your 95 Day Notice - Issue 68 Account through our website – chartersavingsbank.co.uk at any time. You must give us 95 days’ notice.
Withdrawals can only be made to your Nominated Account or another Charter Savings Bank account in your name (subject to the conditions of the chosen account).
Apply nowAdditional information
Apply now- We reserve the right to withdraw this product from sale at any time.
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:
*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.
-
120 Day Notice - Issue 31
-
AER*
4.96 %
Gross interest**
4.85 %
Balance
£5,000 - £1,000,000
Interest paid
Monthly
-
-
- Key facts
- Account management
- Additional information
Key facts
What is the interest rate?
You invest
£5,000 - £1,000,000
£1 - £5,000
You Get
AER*
4.96 %
Gross*
4.85 %
AER*
0.10 %
Gross*
0.10 %
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 £5,000 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 120 Day Notice - Issue 31 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?
Yes, the interest rate is variable for balances of £5,000 and over but fixed for balances below £5,000.
This means that we can vary the interest rate for balances of £5,000 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).
- If we increase the interest rate, because this is to your advantage, it can be made at any time and we will notify you at the earliest opportunity afterwards on our website.
- If we decrease the interest rate we will give you at least 14 days’ notice of the reduction by post, email or secure message.
What would the estimated balance be after 12 months based on a £5,000 deposit?
Initial Deposit
£5,000
Annual Interest Earned
£247.96
Balance at the end of the term
£5,248.96
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 and no withdrawals are made during the 12 month period
- the interest rate doesn’t vary during the 12 month 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
Account management
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:
- 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?
You can make a withdrawal from your 120 Day Notice - Issue 31 Account through our website – chartersavingsbank.co.uk at any time. You must give us 120 days’ notice.
Withdrawals can only be made to your Nominated Account or another Charter Savings Bank account in your name (subject to the conditions of the chosen account).
Apply nowAdditional information
Apply now- We reserve the right to withdraw this product from sale at any time.
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:
*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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120 Day Notice - Issue 31
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AER*
4.96 %
Gross interest**
4.96 %
Balance
£5,000 - £1,000,000
Interest paid
Annually
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- Key facts
- Account management
- Additional information
Key facts
What is the interest rate?
You invest
£5,000 - £1,000,000
£1 - £5,000
You Get
AER*
4.96 %
Gross*
4.96 %
AER*
0.10 %
Gross*
0.10 %
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 £5,000 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 120 Day Notice - Issue 31 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?
Yes, the interest rate is variable for balances of £5,000 and over but fixed for balances below £5,000.
This means that we can vary the interest rate for balances of £5,000 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).
- If we increase the interest rate, because this is to your advantage, it can be made at any time and we will notify you at the earliest opportunity afterwards on our website.
- If we decrease the interest rate we will give you at least 14 days’ notice of the reduction by post, email or secure message.
What would the estimated balance be after 12 months based on a £5,000 deposit?
Initial Deposit
£5,000
Annual Interest Earned
£248.00
Balance at the end of the term
£5,249.00
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 and no withdrawals are made during the 12 month period
- the interest rate doesn’t vary during the 12 month 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
Account management
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:
- 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?
You can make a withdrawal from your 120 Day Notice - Issue 31 Account through our website – chartersavingsbank.co.uk at any time. You must give us 120 days’ notice.
Withdrawals can only be made to your Nominated Account or another Charter Savings Bank account in your name (subject to the conditions of the chosen account).
Apply nowAdditional information
Apply now- We reserve the right to withdraw this product from sale at any time.
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:
*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. |
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.
