Charter Savings Bank deposits hit half a billion
25 June 2015
Charter Savings Bank, one of the challenger banks to launch this year, is celebrating a landmark milestone as the bank surpasses half a billion pounds in deposits from customers. The dedicated savings bank, which launched in March of this year, has over 10,000 customers who have deposited their savings across Charter Savings Bank’s range of easy access, notice accounts and 1 – 5 year fixed rate bonds.
Paul Whitlock, Director of Savings at Charter Savings Bank said: "2015 has, so far, been an incredible year for us. When we launched in March, we knew that a combination of great rates, straightforward products and reliable service would be attractive to those looking for a new home for their savings. In just over 3 months it’s encouraging to see that this formula is working. We now have more than 10,000 customers and between them they've deposited over £500,000,000 of savings across our product range, with the 1 year bond being the most popular account to date. We're delighted to be helping so many savers achieve their savings goals and look forward to welcoming many more."