Chetwood Bank Expands Savings Range by Launching New Notice Accounts With Rates Up to 4.19% AER

Chetwood Bank has further expanded its savings proposition by launching a range of new Notice Accounts, offering customers competitive variable rates up to 4.19% AER with a choice of terms options. 

The award-winning UK-based digital challenger bank’s latest products include:

• A 35-day notice account at 4.01% AER,
• A 70-day notice account at 4.06% AER,
• A 105-day notice account at 4.19% AER. 

Interest is calculated daily and paid monthly, compounding over time. Customers can open and manage their accounts online, with no minimum or maximum balance requirements and no limits on deposits.

Chetwood Bank now manages over £5 billion in customer savings, and the new Notice Accounts build on its existing range of fixed-term and easy-access products. The bank focuses on delivering no nonsense products with competitive rates, designed to give customers a clear and reliable way to grow their savings.

Chetwood Bank has recently been recognised with multiple industry awards, including Most Consistent Savings Provider at the MoneyNet Awards and Best Fixed Rate Savings Provider at the Your Money Personal Finance Awards,. 

Ben Mitchell, Director of Savings at Chetwood Bank, said: “Our no nonsense approach to banking is centred around giving customers more choice and different ways to grow their savings.

“It’s another positive step forward for the bank and is just the latest demonstration of our commitment to providing savers with simple, transparent products they can rely on.” 

* ‘AER’ stands for ’Annual Equivalent Rate’ and illustrates what the interest rate would be if interest was paid and compounded once each year.

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