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Challenger storms easy access and notice account best buy tables

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Written by: Paloma Kubiak
01/06/2017
Charter Savings Bank has launched two market-leading accounts to “bring some cheer to savers” but you may need to act fast to get them.

The challenger bank has announced new rates on its 120 day notice account and easy access account.

The rates offered to new customers are as follows:

  • 120 Day Notice account (issue 11) paying 1.35% AER
  • Easy Access account (issue 4) paying 1.11% AER.

This means Charter leads the best buy tables in both categories, pushing Tesco Bank’s 1.06% easy access account offering and Paragon Bank’s 1.30% 120 day notice account into second place, according to data site Moneyfacts.

Paul Whitlock, director of savings at Charter Savings Bank, said: “Our mission is to provide simple, straightforward savings accounts with competitive rates, and we believe our new Easy Access and 120 Day Notice accounts will top their respective best-buy tables. We’ve spotted an opportunity to offer some great accounts, but savers should act quickly as rates this high might not be available for long.”

Charter wasn’t able to confirm how long the products would be around for, but if it’s anything like other market-leading savings rates you have to be quick off the mark. See YourMoney.com’s blog: In the new world, savers must act fast or risk disappointment.

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