matured fixed ISA question re adding to it now for this year?

Midnight_Tboy

Hi all,

So I had a 1 year fixed ISA with Charter Savings which matured a couple of months back

On looking I see it is now called a "EASY ACCESS CASH ISA SAVER 37" and looks to be 5.03% APR.  I noticed I've not received any interest in it since it matured, but assume its because it was left at the default of Annual.  I've now amended that to monthly, but looks like its not going to make the change until Tuesday

Anyway, now that I'm in a new tax year, it seems that there isnt a better easy access ISA available as far as I can see.

This ISA though, which was originally fixed so couldn't add to it, does this mean I can now transfer in up to a fresh 20k in there as and when, in order to be able to get the 5.03 rate, or in order to transfer in for this year, do I have to make a whole new account with the current (which looks to be Easy Access 50 at a lesser rate)?

It seems like if thats possible, it will be easier/better rate than going through the hassle of getting a new account elsewhere

Thanks

JGB1955

AIUI Charter Bank Easy Access ISA's have variable interest rates - might be worth checking the current rate...

eskbanker

Midnight_Tboy said:

So I had a 1 year fixed ISA with Charter Savings which matured a couple of months back

On looking I see it is now called a "EASY ACCESS CASH ISA SAVER 37" and looks to be 5.03% APR.

https://s3-eu-west-1.amazonaws.com/pdf.chartersavingsbank.co.uk/01502_savings_interest_summary.pdf lists their rates and suggests that (last year's) issue 37 is 4.15%, while issue 44 is 5.03% (and would have been current up to 12 April 2024).

In terms of your main question, easy access accounts are unlikely to have any restrictions on deposits (other than the annual £20K ISA limit) but to be on the safe side it would be worth checking with Charter that you can still pay into it, as its Ts & Cs aren't readily available.

Midnight_Tboy

eskbanker said:

Midnight_Tboy said:

So I had a 1 year fixed ISA with Charter Savings which matured a couple of months back

On looking I see it is now called a "EASY ACCESS CASH ISA SAVER 37" and looks to be 5.03% APR.

https://s3-eu-west-1.amazonaws.com/pdf.chartersavingsbank.co.uk/01502_savings_interest_summary.pdf lists their rates and suggests that (last year's) issue 37 is 4.15%, while issue 44 is 5.03% (and would have been current up to 12 April 2024).

In terms of your main question, easy access accounts are unlikely to have any restrictions on deposits (other than the annual £20K ISA limit) but to be on the safe side it would be worth checking with Charter that you can still pay into it, as its Ts & Cs aren't readily available.

Thanks,  I've sent them a message asking if can pay into it, hopefully worded well enough

I'm confused though that your link seems to suggest its 4.15% though.  I've just logged in to take another look

edit: thinking perhaps it was the original AER and its just not updated yet, I took a look at the documents page of the account, it looks like the original 1yr fixed was 4.1%