Summary

CITRA 8th Issue (Personal)

  • Available by way of our qualifying 5-year Community Account (Personal).
  • CITRA 8th Issue capacity has limited availability and is offered on a first come first served basis.
  • Savers can claim Income Tax relief of up to 5% of the invested amount for each of 5 tax years starting with the year in which the investment is made. This gives a total tax relief of up to 25% of the invested amount (see our Key Features document CITRA 8th Issue - Key Features)

Charity Bank 5-year Community Account (Personal) [Qualified with CITRA 8th Issue]

  • Available to individuals who are tax resident in the UK.
  • This account acts as a qualifier to open a CITRA 8th Issue.
Apply Online - 5-year Community Account (Personal) Apply Online - CITRA 8th Issue (Personal)

Fixed period CITRA 8th Issue (Personal)
£3,750 - £500,000
Charity Bank 5-year Community Account (Personal)
£3,750 - £500,000
5-years 0.10%* deposit interest 2.00%* deposit interest
5-years 5.00%** Income tax relief p.a. N/A

*Gross is the interest rate without tax deducted.

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

**Refer to our CITRA 8th Issue - Key Features for examples of the blended return to savers

CITRA 8th Issue (Personal)
Payment of interest: Interest will be paid gross.
Fixed term: Five years.
Withdrawals: No withdrawals for the first three years. See the CITRA 8th Issue Key Features for information about amounts that can be drawn without penalty thereafter.
Paying money in: You can elect to fund your account by electronic transfer, UK debit card or cheque. Additional payments to the account cannot be made once it has been opened.
Number of account holders: One.
How we calculate interest: Interest is calculated daily and added to your account quarterly in March, June, September and December.
What would the estimated balance be after 60 months based on a £3,750 deposit? Based on an interest rate of 0.10% gross, the estimated balance on a £3,750 deposit after 60 months would be £3,768.79. This illustrative example assumes no withdrawals, no changes to the managed interest rate over the period and interest is paid and compounded quarterly. (The illustrative example does not take into account the individual circumstances of a customer)
How does the Income Tax benefit work? A saver put £15,000 into a CITRA 8th Issue on 1 January 2019. The amount for each tax year for which relief may be claimed is £15,000 i.e. tax relief of £750 (5% of £15,000) may be claimed for the tax year 2018/19 (the tax year in which the saving was made) and for each of the four subsequent tax years.
Managing your account: Once opened all accounts are operated by post. We can answer any questions directly by email or over the phone.
Charity Bank 5-year Community Account (Personal)
Payment of interest: Interest is accrued daily and credited to the account balance on each anniversary of the investment or at maturity.
Fixed term: Five years.
Minimum initial deposit: £3,750, thus qualifying for an equal deposit in your CITRA 8th Issue.
Maximum deposit: £500,000, thus qualifying for an equal deposit in your CITRA 8th Issue.
Number of deposits: One only.
Withdrawals: No withdrawals or closures before the maturity date.
Paying money in: You can fund the account by electronic transfer, UK debit card or cheque. Additional payments to the account cannot be made once it has been opened.
Number of account holders: One.
How we calculate interest: Interest is accrued daily.
Managing your account: Once opened all accounts are operated by post. We can answer any questions directly by email or over the phone.
What would the estimated balance be after 60 months based on a £3,750 deposit? Based on an interest rate of 2.00% gross, the estimated balance on a £3,750 deposit after 60 months would be £4,140.30. This illustrative example assumes no withdrawals, no changes to the managed interest rate over the period and interest is paid and compounded annually. (The illustrative example does not take into account the individual circumstances of a customer)

CITRA 8th Issue (Personal)

  • Access: Open an account with £3,750 or an amount equal to your deposit in your Charity Bank 5-year Community Account (Personal) up to £500,000.
  • Fair return: lock your savings away for five years and enjoy 0.10%* gross / AER interest and 5% income tax relief for each year of the term
  • Social impact: your money will be used to support charities and social enterprises across the UK.
  • Ready to start saving? Find out where your money goes

Charity Bank 5-year Community Account (Personal)

  • Access: New savers open an account with £7,500, existing savers with £3,750.
  • Fair return: lock your savings away for five years and enjoy 2.00% gross / AER*
  • Social impact: your money will be used to support charities and social enterprises across the UK.
  • Ready to start saving? Find out where your money goes

CITRA 8th Issue (Personal)

  • Opening an account: The CITRA 8th Issue (Personal) is available to Charity Bank 5-year Community Account (Personal) holders.
  • Saving for impact: You can deposit up to £500,000. Deposits in your CITRA 8th Issue (Personal) may not exceed deposits in your 5-year Community Account (Personal).
  • To view the full Terms for personal savers please click here.

Charity Bank 5-year Community Account (Personal)

  • Opening an account: The Charity Bank 5-year Community Account (Personal) is open to individuals over the age of 16 who are permanent UK residents / taxpayers.
  • Saving for impact: You can deposit up to £500,000.
  • To view the full Terms for personal savers please click here.

CITRA 8th Issue (Personal)

  • Getting started. Once you've opened your account with us, we'll send you a welcome pack explaining how to manage your account, claim your tax relief and find out where we’re investing your money.
  • Your impact. You’ll receive annual bank statements with a twist: you’ll see how your savings have grown and you’ll learn about some of the organisations your savings have supported.
  • Withdrawals. When your account matures your funds will be transferred into the account from which they originated – your Nominated Account.
  • Staying in touch. You can call us directly to check your account details and rates Questions? Talk to us if you have any questions – t: 01732 441944.

Charity Bank 5-year Community Account (Personal)

  • Getting started. Once you've opened your account with us, we'll send you a welcome pack explaining how to manage your account and find out where we’re investing your money.
  • Withdrawals. No withdrawals before the maturity date. You will be notified before the account matures and unless you instruct us otherwise, your account will mature into a Charity Bank Savings Account with 33-day notice.
  • Staying in touch. You can call us directly to check your account details and rates Questions? Talk to us if you have any questions – t: 01732 441944 e:enquiries@charitybank.org

Your money is protected by the FSCS