Summary

A simple way to reinforce the ethics at the heart of your business

  • Available to business savers
  • 0.90% - 1.20% Gross / AER*
apply by post

Ethical 3-Year Business Fixed Rate Account (Gross/AER)* - Fixed Rate

Fixed Period £2,500 - £24,999 £25,000 - £250,000**
3 years 0.90% 1.20%

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

**If you are a charity, business or private individual looking to place deposits greater than £250,000, please contact our savings team on 01732 441944.

Payment of interest: For sole traders and individual partnerships interest payments on or before 5 April 2016 will be paid net of tax, unless you’ve registered to receive interest gross. For interest paid on or after 6 April 2016, interest will be paid without tax deducted (Gross). If the total amount of interest you receive in any tax year exceeds any Personal Savings Allowance to which you’re entitled, you may have tax to pay at the applicable rate. This would need to be paid directly to HMRC. For more information, please visit gov.uk and search for ‘Personal Savings Allowance’. For corporate customers, interest payments on or before 5 April 2016 will be paid gross, subject to sufficient evidence being provided to justify your eligibility for gross interest. Interest paid on or after 6 April 2016 will be paid gross.
Fixed term: 3 years
Minimum initial deposit: £2,500
Maximum deposit: £250,000
Number of deposits: One only
Withdrawals: When your account matures you can arrange an electronic transfer into your Nominated Account or another Charity Bank account.
Paying money in: First payment by cheque or electronic transfer
Number of account holders: Unlimited
How we calculate interest: Interest is calculated daily and added to your account on each anniversary of the investment or at maturity. There is no bonus interest payable.
What would the estimated balance be after 12 months based on a £10,000 deposit? Based on an interest rate of 1.20% gross, the balance on a £10,000 deposit after 12 months would be £10,120. This illustrative example assumes no withdrawals and no changes to the fixed interest rate over the period. (The illustrative example does not take into account the individual circumstances of a customer)
Can Charity Bank change the interest rate? The interest rate is fixed and cannot be altered in accordance with Section 9 Changes to interest rates of our Terms for organisations.
Managing your account: All accounts are operated by post. We can answer any questions directly by email or over the phone.
What happens at maturity of the fixed-term? We will write to you before maturity to remind you of the date that your fixed-term ends. At maturity, you can either withdraw your funds to your Nominated Account, reinvest them in a new fixed-rate account or transfer them into an alternative Charity Bank account of your choice (subject to any specific account Terms). If you do not let us know what you wish to do by the maturity date, your account will automatically revert to an Ethical 40-Day Notice account and the managed interest rate will be confirmed to you in writing. The Ethical 40-Day Notice account is subject to the following condition: A signed letter giving 40 days’ notice is required for withdrawals and closures.
  • Access: open an account by making a single deposit from £2,500
  • Fair return: lock your savings away for three years and enjoy a fixed rate of interest [see the rates table above]
  • 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

  • Opening an account The Ethical 3-Year Business Fixed Rate Account is available to limited companies, sole traders, partnerships, and credit unions looking to save and do good. Companies and shareholding companies must be UK registered. All directors, additional signatories, members, partners and shareholders must be permanent UK residents.
  • Access: When your account matures you can arrange an electronic transfer into your Nominated Account or another Charity Bank account.
  • Saving for impact: You can deposit up to £250,000.

To view the full Terms for organisations please click here


  • 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
  • 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
  • Staying in touch. You can call us directly to check your account details and rates
  • Questions? Talk to us if you have any questions – telephone 01732 441944 or email savings@charitybank.org.

Your money is protected by the FSCS

Ready to start saving?

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