Charter savings

coolsteel

With practically instant money transfers these days Charter Savings who i saved with and my savings fixed deal has matured say i cant get my money for two working days. two days of interest i have lost and they have gained. Wont be using them again.

Albermarle

coolsteel said:

With practically instant money transfers these days Charter Savings who i saved with and my savings fixed deal has matured say i cant get my money for two working days. two days of interest i have lost and they have gained. Wont be using them again.

This is still quite common for the smaller banks/savings providers, although I find it usually arrives in less than 48 hours. It is at least partly because the money has to go through their bank account with one of the Big banks.
If you only  go to a provider with really instant access then you are restricting your choice, and possibly not getting the best interest rates.

Beddie

It's often quicker than they state, especially if you do it in the morning before 10am - usually the next day. Let us know how long it actually took in the end.

bristolleedsfan

Beddie said:

It's often quicker than they state, especially if you do it in the morning before 10am - usually the next day. Let us know how long it actually took in the end.

Had email 8.10am on Friday saying maturity funds had been sent, arrived Monday ......

2010

coolsteel said:

With practically instant money transfers these days Charter Savings who i saved with and my savings fixed deal has matured say i cant get my money for two working days. two days of interest i have lost and they have gained. Wont be using them again.

Even if they have the highest interest at the time?

Mine matured on a Wedesday into the nominated Friday.

2010

bristolleedsfan said:

Beddie said:

It's often quicker than they state, especially if you do it in the morning before 10am - usually the next day. Let us know how long it actually took in the end.

Had email 8.10am on Friday saying maturity funds had been sent, arrived Monday ......

That`s one working day or next working day as per T&C, which I`m sure you agreed to when opening the account.

coolsteel

money arrived next day. so one working day which i can live with.

Carpediem22

I'm not happy with Charter Savings. I deposited funds in a 95 day notice savings account and shortly thereafter they  launched another 95 day notice account with a higher rate of interest. I can't see why they didn't just increase the interest rate on the existing account. I have to give 95 days notice if I want to transfer my funds to the new account, so they are tying in existing customers to a lower rate for longer. I can understand fixed rate term products being launched to reflect current interest rates, but my account is a variable rate notice account so why launch a new issue that's exactly the same instead of increasing the rate on the existing account.