Easy Access
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:
- you can deposit any amount between £1 and £1,000,000
- you can add to your savings at any time (up to the £1,000,000 maximum)
- you can withdraw your money without giving us notice
- we calculate interest daily and you can receive it monthly or annually
- the interest rate is variable
- If your account balance falls below £1, the Account will close.
- 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:
- need access to your savings quickly or regularly
- want peace of mind that you can access your savings when you need to
- want an account you can open and manage online
paid Balance
from Balance
to Gross
interest** AER* Online Postal
Easy Access - Issue 55
-
AER*
4.31%
Gross interest**
4.23%
Balance
£1 - £1,000,000
Interest paid
Monthly
-
-
- Key facts
- Account management
- Additional information
Key facts
What is the interest rate?
You invest
£1 - £1,000,000
You Get
AER*
4.31%
Gross*
4.23%
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 55 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 £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).
- 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 £1,000 deposit?
Initial Deposit
£1,000
Annual Interest Earned
£43.13
Balance at the end of the term
£1,043.13
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 and account balance of £1. If your account balance falls below £1, the Account will close.
- Maximum account balance of £1,000,000. Once the Account is opened you can make deposits using your Nominated Account up to the maximum account balance of £1,000,000 at any time.
- 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 withdrawals from your Account at any time by using our Online banking service to transfer funds to your Nominated Account or another Charter Savings Bank account held by you (subject to the conditions of the chosen account).
Additional 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.
-
Easy Access - Issue 55
-
AER*
4.31%
Gross interest**
4.31%
Balance
£1 - £1,000,000
Interest paid
Annually
-
-
- Key facts
- Account management
- Additional information
Key facts
What is the interest rate?
You invest
£1 - £1,000,000
You Get
AER*
4.31%
Gross*
4.31%
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 55 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 £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).
- 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 £1,000 deposit?
Initial Deposit
£1,000
Annual Interest Earned
£43.10
Balance at the end of the term
£1,043.10
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 and account balance of £1. If your account balance falls below £1, the Account will close.
- Maximum account balance of £1,000,000. Once the Account is opened you can make deposits using your Nominated Account up to the maximum account balance of £1,000,000 at any time.
- 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 withdrawals from your Account at any time by using our Online banking service to transfer funds to your Nominated Account or another Charter Savings Bank account held by you (subject to the conditions of the chosen account).
Additional 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.
-
|
* 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.
