Charter Saving's Rate Reduced

Dandytf

Charter Savings Bank Easy Access

0.50%

0.30%

Instant Access rates from 01/12.

thanks

Alice_Holt

Where do you see that?

From their website:

cx6

I have not had any notification of this happening

Easy Access is 0.6 anyway, not 0.5

Dandytf

Alice_Holt said:

Where do you see that?

From their website:

e-mail from H.L. today.

thanks

Daliah

Dandytf said:

e-mail from H.L. today.

That will be a Charter account via HL. There is often a difference between the rates available through HL and directly.

Audaxer

Daliah said:

Dandytf said:

e-mail from H.L. today.

That will be a Charter account via HL. There is often a difference between the rates available through HL and directly.

I can't see a Charter Savings Bank Easy Access Account currently on the HL Active Savings list, but they do still have Fixed Rates savings accounts at decent rates. 

Daliah

Audaxer said:

Daliah said:

Dandytf said:

e-mail from H.L. today.

That will be a Charter account via HL. There is often a difference between the rates available through HL and directly.

I can't see a Charter Savings Bank Easy Access Account currently on the HL Active Savings list, but they do still have Fixed Rates savings accounts at decent rates. 

It's normal that accounts are dropping off the HL (or any savings provider's) list of accounts you can apply for. The accounts don't have to close just because they are now longer on offer to new applications.

I haven't looked at the HL or Charter rates in any detail recently but when I last looked, they weren't amongst the market leaders. Not that I would describe the market leading rates as 'decent' as none of them comes even close to keeping up with inflation. It's just a matter of finding the least worst rates these days if you need to keep your money in cash.

Dandytf

Audaxer said:

Daliah said:

Dandytf said:

e-mail from H.L. today.

That will be a Charter account via HL. There is often a difference between the rates available through HL and directly.

I can't see a Charter Savings Bank Easy Access Account currently on the HL Active Savings list, but they do still have Fixed Rates savings accounts at decent rates. 

Mines would have been via HL Active savings start of this year, I think.

Charter Savings Bank has let us know they are reducing the rate on your Easy Access Savings account from 1 December.
Changes to your interest rate
All rates are AER/Gross*.
Product Previous rate New rate Charter Savings Bank Easy Access 0.50% 0.30%
The interest rates on all Charter Savings Bank Easy Access products are variable and can increase or decrease at any time. We’ll let you know if your rate changes in the future. You can find out more about which rates can change in our FAQs.

Dandytf

I've decided to open Charter 6 months .80%.

Small deposit, then I'll shift savings from Instant to 6 months.
Hopefully this rate doesn't drop.

thanks 

Audaxer

Dandytf said:

I've decided to open Charter 6 months .80%.

Small deposit, then I'll shift savings from Instant to 6 months.
Hopefully this rate doesn't drop.

thanks 

They currently have a Charter Bank 1 year fixed at 1.27% on HL, if you can afford to leave the savings untouched for a year.

Dandytf

Audaxer said:

Dandytf said:

I've decided to open Charter 6 months .80%.

Small deposit, then I'll shift savings from Instant to 6 months.
Hopefully this rate doesn't drop.
thanks 

They currently have a Charter Bank 1 year fixed at 1.27% on HL, if you can afford to leave the savings untouched for a year.

Thanks certainly valid option, I have time as 6 months only requested today.

I'm interested to know if Instant Access rate drop is across other Charter Saving types.

Thanks