Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

Charter Savings Bank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Charter Savings Bank pays a variable rate of 4.25% on an easy access account and lets money out at any time without notice. It suits savers who want a fair return on a balance they can still reach, and it is a steady pick for anyone keeping cash in a single UK current account.

Key facts

Best for
A fee free easy access account for savers who need their money the same day.
Headline rate
4.25%↗
Rate type
Variable↗
Minimum deposit
£1↗
Deposit protection
FSCS up to GBP 85,000↗
Access terms
Withdraw any time without notice; deposits and withdrawals only from/to the nominated UK bank account↗
Monthly fee
£0↗
Account kind
Easy access↗
Legal entity
Charter Court Financial Services Limited↗
Headquarters
United Kingdom↗
Support channels
Email, Phone, Help-centre↗
Pricing model
No monthly fee
Official website
chartersavingsbank.co.uk

Facts checked September 26, 2026, 3 sources

Apps and profiles

Elsewhere
WikidataWikipediaTrustpilotX

Pros and cons

Pros

  • A headline rate of 4.25% on an easy access account, with withdrawals any time without notice
  • Deposits are covered by FSCS up to GBP 85,000
  • Support runs on email, phone and help centre, so help comes by phone, by email or in the help centre

Cons

  • The rate is variable, so the return on a balance can move rather than stay fixed for a set period
  • Deposits and withdrawals run to or from the nominated UK bank account only, which limits where the money can sit
  • Support runs on email, phone and help centre only, with no live chat listed
Charter Savings Bank

Ready to try Charter Savings Bank?

Scored 9.1 / 10 by SumCue.

See alternatives

Who it suits

  • Savers who want a fair return on money they can reach the same day
  • People who keep their cash in a single UK bank account and want simple transfers in and out
  • Anyone starting small, since the minimum deposit is £1 and the monthly fee is £0

Who should look elsewhere

  • Anyone who needs the rate locked in, because the rate here is variable and can move
  • Finteres customers chasing a bigger number, since Finteres publishes rates run 0% to 36%
  • People who bank across several accounts, since deposits and withdrawals run to or from the nominated UK bank account only

Rates and terms

The easy access account pays a headline rate of 4.25%, and the rate is variable. Because it is variable rather than fixed, the interest earned on a balance can move up or down instead of staying level for a set term. Savers weighing certainty will need to accept that trade off, or look at a product that locks the rate for a known period.

Who runs it

The account is run by Charter Court Financial Services Limited, which is based in the United Kingdom and regulated by the Financial Conduct Authority under 494549. Support runs on email, phone and help centre, so help comes by phone, by email or through the help centre. Savers can check the reference before opening and reach the same operation for questions on the rate or the balance.

How Charter Savings Bank compares

Where Charter Savings Bank is available

Available
United Kingdom
Licence in United Kingdom
Financial Conduct Authority (494549), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Charter Savings Bank pay?+

The easy access account pays a headline rate of 4.25%, and the rate is variable. Because it is variable, the interest earned can move up or down rather than staying level for a set period. Savers who want a known return for a known length of time will find more certainty elsewhere.

Is there a fee for holding the account?+

The monthly fee is £0, so nothing is deducted each month and the interest is not eaten by a charge. The account runs on a no monthly fee basis, which is a common model in the market. The only entry requirement is a minimum deposit of £1.

Is my money protected?+

Deposits are covered by FSCS up to GBP 85,000, which sets the limit that applies to the balance. The account sits with a bank regulated by the Financial Conduct Authority under 494549, so the money is held by a UK authorised operation rather than an intermediary. That is the part to check before opening.

How do I deposit and withdraw money?+

The account is easy access, so money can be taken out at any time without notice. Deposits and withdrawals run to or from the nominated UK bank account only, which makes transfers simple for someone holding everything in that account. Anyone banking across several accounts will find the setup tighter than a card based account.

What support do I get?+

Support runs on email, phone and help centre, so help comes by phone, by email or through the help centre. Questions on the rate, the balance or a transfer can go through the same set of channels. There is no branch counter listed in that set, so written and phone help carry the relationship.

Who runs the account?+

The account is run by Charter Court Financial Services Limited, based in the United Kingdom and regulated by the Financial Conduct Authority under 494549. Savers can look that reference up before opening an account, which is the first check worth making with any UK bank. The same team handles the balance and the rate.

How does the rate compare with other savings accounts?+

The headline rate here is 4.25%. Wise lists 3.29% and bunq lists 3.01%, both lower, while Finteres publishes rates run 0% to 36%. The site median rate is 3%, so this offer sits above the middle of the savings market.

Sources

  • chartersavingsbank.co.uk checked September 26, 2026

    Backs: Deposit protection, Headquarters, Legal entity, Licences

    “Registered in England and Wales with company number 06749498. Registered office: 2 Charter Court, Broadlands, Wolverhampton WV10 6TD”

  • chartersavingsbank.co.uk/help/faq checked September 26, 2026

    Backs: Pricing model, Monthly fee, Support channels

    “We don't charge you for any of the normal things you need to do to manage your account”

  • chartersavingsbank.co.uk/Products/EasyAccess checked September 26, 2026

    Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type

    “you can withdraw your money without giving us notice”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term.

Charter Savings Bank

Charter Savings Bank

A fee free easy access account for savers who need their money the same day.

9.1/10See alternatives