Summary

  • Available if you are a UK registered charity or trust or unincorporated association (club or society)
  • 0.70% - 1.10% Gross/ AER*
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Ethical 1-Year Fixed Rate Account (Gross/AER)* - Fixed Rate

Fixed Period £2,500 - £24,999 £25,000 - £500,000**
1 year 0.70% 1.10%

*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: From 6 April 2016, you'll receive interest gross, with no tax taken off. The gross rate is the interest rate we pay where no income tax has been deducted.
Fixed term: 1 year
Minimum initial deposit: £2,500
Maximum deposit: £500,000
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, debit card 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 1.10% gross, the balance on a £10,000 deposit after 12 months would be £10,100. 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 a year 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 1-Year Charity,Trust and Unincorporated Association Fixed Rate Account is available if you are a UK registered charity, trust or unincorporated association . All trustees, directors, beneficial owners, additional signatories, chairman and secretary 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 £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. When your account matures you can arrange an electronic transfer into your Nominated Account, or another Charity Bank 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 40-Day Notice Business Account

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Ethical 100-Day Notice Business Account

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Ethical 1-Year Business Fixed Rate Account

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Ethical 3-Year Business Fixed Rate Account

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Ethical Easy Access Account (Charity, Trust and Unincorporated Associations)

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Ethical 40-Day Notice Charity, Trust and Unincorporated Association Account

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  • 0.40% - 0.55% Gross/AER*
  • Higher interest rates apply to higher balances

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

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  • 0.50% - 0.65% Gross/AER*
  • Higher interest rates apply to higher balances

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

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Ethical 3-Year Charity, Trust and Unincorporated Association Fixed Rate Account

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  • 1.00% - 1.30% Gross / AER*

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