0.85
%
AER
1 year | GBP
  • FSCS protects deposits up to £85,000 per person

All offers from Charter Savings Bank

0.85 % AER
1 year
0.87 % AER
1.5 years

About Charter Savings Bank

Charter Savings Bank is an online retail bank which has helped UK customers deposit over £6 billion in award-winning online and postal accounts. Founded in 2008, Wolverhampton based Charter Court Financial Services Limited is a specialist financial services business built for today’s challenging mortgage and savings markets which launched Charter Savings Bank in 2015.

All eligible deposits made into Charter Savings Bank savings accounts are protected by the Financial Services Compensation Scheme (FSCS) up to a total of £85,000 per person, per banking group.

Bank details

Headquarters: Wolverhampton
Year established: 2015

Security and deposit guarantee

Deposits are eligible for protection by the Financial Services Compensation Scheme (FSCS) http://www.fscs.org.uk/. The FSCS is the United Kingdom’s statutory deposit guarantee scheme that covers deposits in individual savings accounts up to £85,000, per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. It is available for deposits with most UK high-street and online banks and means if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to the £85,000 per person, per banking group limit.

Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the £85,000 protection applies only to eligible deposits up to this limit.

Timescales for the return of your money can vary between different banks and banking groups. This bank holds funds under a trust model. Funds held under a trust model can take up to three months to be returned, but in most cases will be returned sooner than this.

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