Is it safe? / Charter Savings Bank
Is Charter Savings Bank safe?
Yes — Charter Savings Bank is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the Charter Court Financial Services Limited banking licence (OSB Group plc).
Protection
FSCS to £120,000
Licence holder
Charter Court Financial Services Limited
Parent company
OSB Group plc
The fine print (verified July 2026)
Separate licence from sister brand Kent Reliance — each gets its own limit.
Charter Savings Bank's current savings rates
- Easy Access - Issue 784.21% AER
From the daily rates scrape. Compare every provider →
Worth knowing
FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.