Charity Bank Accounts - Business Bank Accounts | moneyfacts.co.uk

Best Buy – Charity Savings Accounts (including Clubs)

Find the best account for your club or registered charity’s hard-won money. Compare the best charity savings accounts using our independent best buy table.

CompanyAERNotice / TermDeposit


90 Day Notice Account
1.51%
90 Day£250


95 Day Business Savings Account
1.35%
95 Day£10000


90 Day Notice Account Issue 1
1.31%
90 Day£10000


100 Day Notice Charity Account
1.25%
100 Day£5000


90 Day Business Notice Account
1.20%
90 Day£1000


Charity & Community Saver 90 (Issue 1)
1.10%
90 Day£1000


Business 100 Day Notice Savings
1.10%
100 Day£1000


60 Day Notice Account
1.00%
60 Day£250


Business Saver 90 (Issue 1)
1.00%
90 Day£1000


Business 95-Day Saver - Issue 6
1.00%
95 Day£10000
Sponsored Products


Business Instant Saver - Issue 6
0.50%
None£10000


Business 95-Day Saver - Issue 6
1.00%
95 Day£10000
Last Updated: Tuesday 24 April 2018 19:26

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.

Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
 
Free Brochures and Guides

Club & Charity savings accounts explained…

  • 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
  • Check whether your club or charity would be covered by the Financial Services Compensation Scheme, and stick within limits

Club and charity savings accounts don’t tend to have interest rates that are as high as those available for your personal savings. So it’s even more important to shop around for the best home for your charity or club’s hard-won funds.

Probably the most important consideration is how much access your organisation will need to the money. Will it be needed at a set date? Or will you potentially need the money at short or no notice?

The longer your charity or club can afford to not have access to its money, the higher the rate of interest you may be able to earn.

Interest rates can also be improved with a higher savings balance. Often charity savings accounts offer higher rates, the more money you have invested in the account.

Depositor protection for charities

Charity and club savings accounts may fall under the protection of the Financial Services Compensation Scheme. Whether your charity or club is eligible will depend on how it is constituted (it’s not enough for a charity to be registered).

If your charity is constituted as an unincorporated association, it would be eligible for compensation if the deposit taker fails. If it is a limited company it would be covered if it meets two of the following:

  • It has 50 or fewer employees
  • It has a turnover of £6.5 million or less
  • It has a balance sheet total of £3.26 million or less

The Financial Services Compensation Scheme protects the first £75,000 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.

What next?

Business home
Compare business savings accounts
Compare business bonds
 
Business Moneyfacts Awards 2018 winners announced
Business Moneyfacts Awards 2018 winners announced

Last night, at a jam-packed awards ceremony that took place in the prestigious Royal Lancaster Londo... More

Opening a business bank account just got easier
Opening a business bank account just got easier

Small business owners have a lot to deal with to keep their business running smoothly, so any help i... More

SMEs shunning savings accounts
SMEs shunning savings accounts

A lot of Brits running small and medium-sized enterprises are currently avoiding business savings ac... More

Business Credit Card Star Ratings launched
Business Credit Card Star Ratings launched

Moneyfacts has today announced the recipients of a brand-new category of Star Ratings. The Business ... More

Business Moneyfacts Awards 2018 finalists!
Business Moneyfacts Awards 2018 finalists!

The business finance community will be buzzing today, as the Business Moneyfacts Awards finalists ha... More

Where to find the best paying Charity Accounts
Where to find the best paying Charity Accounts

Is your charity business account paying little interest? Find the best paying charity accounts here... More

Choosing a Business Current Account
Choosing a Business Current Account

When it comes to the day-to-day running of your business, the financial product that you need to be ... More

Virgin Money improves easy access business deal
Virgin Money improves easy access business deal

Virgin Money has increased the rate on its easy access savings account for businesses by 0.30%, whic... More

Dudley improves one-year business bond
Dudley improves one-year business bond

Dudley BS has increased the rate on its one-year business savings bond by 0.10%, which sees it impro... More

OakNorth improves 12-month business bond
OakNorth improves 12-month business bond

OakNorth Bank has increased the rate on its one-year business savings bond by 0.10%, which sees it i... More

Business bond competes
Business bond competes

OakNorth Bank has increased the rates on its fixed business deposit accounts by up to 0.13%, which s... More

Businesses should notice this new account
Businesses should notice this new account

Redwood Bank has launched a brand new business savings account onto the market, with this notice dea... More

Close