Anyone else noticed the Fixed Charter Bank Savings Pots have disappeared? There is no longer a 1.71% interest option, now the highest available is 1.5%.
The Easy Access Charter Bank Pot has also disappeared from the list, does this mean Monzo no longer have a partnership with Charter Bank? I have Charter Bank saving pots via Monzo but I’m assuming they will remain unchanged?
I think the safer assumption, if you look at the wider market, is that Charter Bank have withdrawn the product. I can’t see anything above 1.35% if I go to their website now, and the wider market has seen everyone cutting the rates or closing products (eg Marcus down from 1.5% with bonus to 1.45%)
Thanks! That was a really helpful and makes sense. I’m new to this kind of stuff so for a moment there was slightly worried that Monzo and Charter had fallen out and my money would just be floating in limbo, hehe.
Doubled checked on this and whilst it is totally normal, Charter did ask for a shorter turnaround than other providers so it’s possible the rates/products we have with them will change more often or more noticeably.
Are there no savings pots available now? I’ve just gone in to look at the current offerings and it doesn’t give me the option to credit a savings pot. It says 0% is the highest interest available.