Charter rate drops?

Bobblehat

I wasn't sure where to post this as it seems to span a range of popular products. Casually looking on Charter's web pages this morning, I could only see Notice Accounts on offer. No Easy Access, no Fixed Rate and no ISA's. Could this indicate a flurry of rate drops?

Incidentally, when I logged on, I could see just one EA, one FR and one ISA I could apply for, along with the range of Notice account mentioned above.

poseidon1

Bobblehat said:

I wasn't sure where to post this as it seems to span a range of popular products. Casually looking on Charter's web pages this morning, I could only see Notice Accounts on offer. No Easy Access, no Fixed Rate and no ISA's. Could this indicate a flurry of rate drops?

Incidentally, when I logged on, I could see just one EA, one FR and one ISA I could apply for, along with the range of Notice account mentioned above.

Yes, occasionally Charter does have a bit of a pause from offering a full range of products to new savers whilst digesting B of E rate drops and the medium term outlook for future reductions.

They will look at what their competitors are offering, and price up replacement saving products having regard to the other side of their balance sheet  ( ie loans to their BTL customers). 

In the meantime   and as you will have seen, there are a few options for existing customers if you don't want to wait for the next batch of products available to allcomers.

Also bear in mind Charter is just 1 half of a duo owned by One Savings Bank plc. The other half  (Kent Reliance ) has a few products readily available to new savers.

Zaul22

Was also wondering as Kent are still available and they are usually exactly the same except tiny differences in rate. 

mebu60

poseidon1 said:

Also bear in mind Charter is just 1 half of a duo owned by One Savings Bank plc. The other half  (Kent Reliance ) has a few products readily available to new savers.

With separate FSCS protection before anyone panics! One Savings Bank / Kent Reliance / krbs are one authorised institution, Charter Court / Charter Savings Bank are another. 

poseidon1

Update :

A couple of easy access products now added to the notice accounts. No doubt some fixed rates will emerge eventually.

https://www.chartersavingsbank.co.uk/AtAGlance