Summary

  • 40-day notice period
  • Available to businesses
  • 0.40% - 0.55% Gross/AER*
  • Higher interest rates apply to higher balances


Apply online

Ethical 40-Day Notice Business Account (Gross/AER)* - Managed Rate

Notice period
Minimum saving £1,000
£1,000 - £24,999 £25,000 - £500,000**
40 days 0.40% 0.55%

*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 £500,000, please contact our savings team on 01732 441944.

Payment of interest: Sole traders and individual partnerships: 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 paid on or after 6 April 2016 will be paid gross.
Notice period: 40 days
Minimum initial deposit: £1,000 [If your balance falls below £1,000 (the minimum for this account), we’ll pay you 0.10% Gross/AER.]
Maximum deposit: £500,000
Withdrawals: Access your savings (after the 40-day notice period) by electronic transfer or post to your Nominated Account.
Paying money in: First payment by cheque, debit card or electronic transfer. Subsequent payments by direct debit, cheque and electronic transfer.
Number of account holders: Unlimited
How we calculate interest: Interest is calculated daily and added to your account quarterly in March, June, September and December and on closure of your account. 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 0.55% gross, the balance on a £10,000 deposit after 12 months would be £10,055.11. This illustrative example assumes no withdrawals and no changes to the managed 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 managed and may 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.
  • Access: open an account with £1,000
  • Flexibility: add to your savings at any time or set up a direct debit
  • Fair return: interest rates are tiered depending on how much you choose to save with us. Higher interest rates apply to higher balances (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 40 Day Notice Business 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.
  • Money when you need it: You can access your savings after your full notice period via electronic transfer or post to your Nominated Account. There are no restrictions to the amount of withdrawals you can request.
  • Saving for impact: You can deposit up to £500,000

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
  • Withdrawals. You can access your savings after your full notice period via electronic transfer or post to 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 – telephone 01732 441944 or email savings@charitybank.org.

Your money is protected by the FSCS

Ready to start saving?

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Ethical 100-Day Notice Charity, Trust and Unincorporated Association Account

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Ethical 1-Year Charity, Trust and Unincorporated Association Fixed Rate Account

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