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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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Best Rates - Charity Accounts

Best Rates - Charity Accounts

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  • Redwood Bank 95 Day Business Savings Account (Issue 10)
    AER
    0.70%
    Notice Period
    95 Day
    Deposit
    £10,000
    Interest Paid
    Anniversary
    Further Options ˅
    Go To Provider's Site
    AER
    0.70%
    Notice Period
    95 Day
    Deposit
    £10,000
    Interest Paid
    Monthly
    Go To Provider's Site
  • Cambridge & Counties Bank Business Trust and Charity Bond Issue 14
    AER
    1.40%
    Term
    5 Year Bond
    Deposit
    £10,000
    Interest Paid
    Anniversary
  • Cambridge & Counties Bank Business Trust and Charity Bond Issue 13
    AER
    1.00%
    Term
    2 Year Bond
    Deposit
    £10,000
    Interest Paid
    Anniversary
  • Al Rayan Bank Fixed Term Deposit
    AER
    0.90%
    Expected Rate
    Term
    36 Month Bond
    Deposit
    £5,000
    Profit Paid
    Quarterly
  • Union Bank of India (UK) Ltd Fixed Rate Deposit
    AER
    0.90%
    Term
    5 Year Bond
    Deposit
    £1,000
    Interest Paid
    On Maturity
    Further Options ˅
    AER
    0.90%
    Term
    5 Year Bond
    Deposit
    £1,000
    Interest Paid
    Yearly
  • United Trust Bank Business 3 Year Bond
    AER
    0.90%
    Term
    3 Year Bond
    Deposit
    £5,000
    Interest Paid
    Yearly
  • United Trust Bank Charity 3 Year Bond
    AER
    0.90%
    Term
    3 Year Bond
    Deposit
    £5,000
    Interest Paid
    Yearly
  • Union Bank of India (UK) Ltd Fixed Rate Deposit
    AER
    0.80%
    Term
    4 Year Bond
    Deposit
    £1,000
    Interest Paid
    On Maturity
    Further Options ˅
    AER
    0.80%
    Term
    4 Year Bond
    Deposit
    £1,000
    Interest Paid
    Yearly
  • United Trust Bank Business 2 Year Bond
    AER
    0.80%
    Term
    2 Year Bond
    Deposit
    £5,000
    Interest Paid
    Yearly
  • United Trust Bank Charity 2 Year Bond
    AER
    0.80%
    Term
    2 Year Bond
    Deposit
    £5,000
    Interest Paid
    Yearly
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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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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