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Anyone used charter savings bank?

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MrBarclay
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Anyone used charter savings bank?

#81514

Postby MrBarclay » September 16th, 2017, 6:29 pm

I have with a Bond; all has been OK, with monthly interest paid gross.
They are owned by CCFS, and I wanted to check out their finances and status before adding to this.
thanks

MrBarclay
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Re: Anyone used charter savings bank?

#81593

Postby MrBarclay » September 17th, 2017, 10:15 am

MrBarclay wrote:I have with a Bond; all has been OK, with monthly interest paid gross.
They are owned by CCFS, and I wanted to check out their finances and status before adding to this.
thanks

2016 Financial Report: £3,436m deposits, 71000 online savings customers, £2,498m mortgage loans
PBT : £44m
My Risk analysis
increase in mortgage rates means more defaults
Financed by US Private equity company, which wouldn't be slow to pull out

Maybe I am talking myself out of further investments: tempted by 1.96% for 2 years

Stompa
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Re: Anyone used charter savings bank?

#81617

Postby Stompa » September 17th, 2017, 12:53 pm

MrBarclay wrote:Maybe I am talking myself out of further investments: tempted by 1.96% for 2 years

I have a bond with Charter Savings Bank, and am not overly concerned, they're protected up to a total of £85,000 by the Financial Services Compensation Scheme.

1.96% for 2 years doesn't seem all that great, you can get up to 2.11% elsewhere:

https://www.savingschampion.co.uk/best- ... rate-bond/


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