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Charity and Club Accounts

We can help your charity or club find an account that will accept your savings deposits. The table below shows all the best charity and club accounts by interest rate.

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Charity Accounts

Charity Accounts

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  • Hampshire Trust Bank 2 Year Business Bond (Issue 40)
    AER
    1.20%
    Term
    2 Year Bond
    Deposit
    £5,000
    Interest Paid
    Anniversary
    Go To Provider's Site
  • Hampshire Trust Bank 1 Year Business Bond (Issue 48)
    AER
    1.11%
    Term
    1 Year Bond
    Deposit
    £5,000
    Interest Paid
    Anniversary
    Go To Provider's Site
  • Redwood Bank 1 Year Business Savings Bond (Issue 6)
    AER
    0.90%
    Term
    1 Year Bond
    Deposit
    £10,000
    Interest Paid
    Anniversary
    Further Options ˅
    Go To Provider's Site
    AER
    0.90%
    Term
    1 Year Bond
    Deposit
    £10,000
    Interest Paid
    Monthly
    Go To Provider's Site
  • Hampshire Trust Bank 120 Day Business Notice (Issue 9)
    AER
    0.85%
    Notice Period
    120 Day
    Deposit
    £5,000
    Interest Paid
    Anniversary
    Go To Provider's Site
  • Redwood Bank 95 Day Business Savings Account (Issue 11)
    AER
    0.80%
    Notice Period
    95 Day
    Deposit
    £10,000
    Interest Paid
    Anniversary
    Further Options ˅
    Go To Provider's Site
    AER
    0.80%
    Notice Period
    95 Day
    Deposit
    £10,000
    Interest Paid
    Monthly
    Go To Provider's Site
  • Hampshire Trust Bank 95 Day Business Notice (Issue 8)
    AER
    0.75%
    Notice Period
    95 Day
    Deposit
    £5,000
    Interest Paid
    Anniversary
    Go To Provider's Site
  • Redwood Bank 35 Day Business Savings Account (Issue 5)
    AER
    0.70%
    Notice Period
    35 Day
    Deposit
    £10,000
    Interest Paid
    Anniversary
    Further Options ˅
    Go To Provider's Site
    AER
    0.70%
    Notice Period
    35 Day
    Deposit
    £10,000
    Interest Paid
    Monthly
    Go To Provider's Site
  • Al Rayan Bank Fixed Term Deposit
    AER
    1.81%
    Expected Rate
    Term
    36 Month Bond
    Deposit
    £5,000
    Profit Paid
    Quarterly
  • Al Rayan Bank Fixed Term Deposit
    AER
    1.76%
    Expected Rate
    Term
    24 Month Bond
    Deposit
    £5,000
    Profit Paid
    Quarterly
  • Cambridge & Counties Bank Business, Trust and Charity Bond Issue 18
    AER
    1.75%
    Term
    5 Year Bond
    Deposit
    £10,000
    Interest Paid
    Anniversary
Note

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per business per institution. The deposits of most businesses are covered up to the £85,000 limit, but businesses should check with their bank before they apply as there are exclusions.

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Disclaimer

The list of charity bank account providers on this page is a selection of services available and gives you an idea of the kind of options available. You can find out more about the individual products by visiting any of the providers listed. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts.co.uk will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts.co.uk recommends you obtain independent financial advice.

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Charity accounts basics

nigel woollsey

Nigel Woollsey

Online Writer

At a glance

  • Higher savings balances can earn better rates of interest.
  • Fixed savings bonds and notice accounts can offer higher interest rates for money your charity doesn’t need short term access to.

What is a savings account for a charity or club?

Charities and clubs need savings accounts to hold their surplus funds and in some cases to help boost their income. Banks and building societies have specific accounts for charities and clubs, reflecting their charitable status and these are managed.

Our table above shows the best rates for charity and club accounts available in the UK right now.

Depositor protection for charities

Charity and club savings accounts may fall under the protection of the FSCS. Whether a charity is eligible for protection under the compensation scheme is not straightforward (even the FSCS’s site can’t give a definitive answer!). FSCS will assess whether a charity is eligible for protection on a case-by-case basis, but most non-financial firms or charities will be covered up to the £85,000 limit.

Moneyfacts tip

Moneyfacts tip nigel woollsey

The FSCS protects the first £85,000 an eligible charity or club has held under a single UK banking licence. Some banks and building societies share a licence, so it’s best to spread money between institutions to make sure it’s protected.

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