Charter Savings Bank savings rates — compare every account, plus switch offers and guides

Who they are

Charter Savings Bank launched in March 2015, after its parent company obtained a banking licence from the Prudential Regulation Authority - putting it among the first new banks to be granted one since the 2008 financial crisis. Today it is part of OSB Group, a specialist lender and savings provider. The proposition has always been deliberately narrow: online and postal savings accounts, Cash ISAs and bonds - no current account, no packaged product, no extras. Charter operates entirely online without branches and does not have an app; customers manage accounts through the online portal. It holds a strong reputation on Trustpilot with a 4-star rating from over 3,000 reviews, with customer service described as UK-based, friendly and knowledgeable.

Savings accounts

Charter's range spans easy access, notice, fixed-rate bonds and Cash ISAs. The Easy Access account and Easy Access Cash ISA both open from just £1, pay a variable rate, and carry no bonus - so the rate you see today is the rate you actually get, with no cliff edge to watch out for after 12 months. The notice accounts - a 60-day and a 95-day option - require a £5,000 minimum and suit savers who can plan their withdrawals a little in advance.

The fixed-rate bonds are where Charter tends to stand out. A 1-year, 2-year and 3-year bond are all available, each starting from £5,000, with no access until maturity - so these are best thought of as a home for money you genuinely will not need in the short term. Fixed Cash ISAs run alongside them, from 1 to 3 years, again from £5,000.

All accounts carry FSCS protection. Your eligible deposits with Charter Savings Bank are protected up to a total of £120,000 by the Financial Services Compensation Scheme - above the standard £85,000 limit. That higher limit is worth knowing if you hold a larger pot. Charter Savings Bank and Kent Reliance - another OSB Group brand - have different firm reference numbers, despite being part of the same corporate group, so your FSCS limit applies separately to each.

Is it right for you?

Charter suits savers who want a clean, no-fuss online bank with a track record behind it. There are no switch bonuses or introductory rates here - just honest, straightforward accounts. If you are comfortable managing everything through a web browser and do not need a mobile app or a branch, it is a solid option worth considering.

Specific rates change over time - check the live figures on this page before you apply.