We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Charter Bond Maturity?
Options

metrobus
Posts: 1,784 Forumite


I have a fixed rate bond maturing in 2 weeks with Charter.
They emailed me yesterday to say that I can choose what to do with the funds, through “maturity options” when I log in.
When I do this it gives me about 5 different accounts to choose from , one of which is an old easy access issue 38 it does not give the current issue which is a higher rate, a bit sneaky of them I think.
My question is do Charter allow internal transfers between accounts held with them or do I need to withdraw funds to my nominated account and then fund my other account with them from that?
Thank you.
They emailed me yesterday to say that I can choose what to do with the funds, through “maturity options” when I log in.
When I do this it gives me about 5 different accounts to choose from , one of which is an old easy access issue 38 it does not give the current issue which is a higher rate, a bit sneaky of them I think.
My question is do Charter allow internal transfers between accounts held with them or do I need to withdraw funds to my nominated account and then fund my other account with them from that?
Thank you.
0
Comments
-
You should open the new bond with higher rate. Probably give it a day then the new bond will become an option in your maturity selection.1
-
Yes, you can do internal transfers between accounts.1
-
Jaypers,that’s good to know.
What I have noticed now is the minimum balance for issue 43 to get the higher rate is £5K but it’s only £1K for issue 38, if you drop below them interest is only 0.1%.0 -
Just took a look and see that issue 38 is paying 4.28% which is low, although probably a little higher than the maturing fixed. Your best bet is to just select that for maturity day and then move out as you see fit. If you open the latest issue, it’s 5.07% and you can transfer between the 2 accounts immediately anyway. Yes, the minimum balance may be an issue depending on funding. From what I can see, Issue 38 is also £5000 minimum balance, not £1000 to get the advertised rate.
0 -
That’s strange since it gives me an option of an Easy access saver issue 38 at 4.89 / 5.00 and in the information about product page it states interest of £50 if £1000 is invested for 1 year.
It also offers products like 18 month and 2 year fixed rate bonds which I don’t see on their normal “products” page.
Its 5.81/5.97 for the 2 year fix which I think I’ll take
Ive just realused there are 2 separate accounts an Easy access account and an Easy access Saver account with different interest rates and minimum balance requirements .0 -
Anyone know from experience if Charter take the full 2 working days (which the quote) to transfer maturing bond funds to the nominated account?0
-
intalex said:Anyone know from experience if Charter take the full 2 working days (which the quote) to transfer maturing bond funds to the nominated account?
I have had a next day transfer but generally it arrives in the nominated account in the morning of the 2nd day.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards