Summary


  • Available to business savers located in the UK. This account is not available to financial service institutions (including credit unions)
  • 0.50% Gross/AER*
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Ethical Easy Access Account (Gross/AER)* Managed Rate

Managed Rate £10,000 - £500,000**
Easy Access 0.50%


*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: For 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 will be paid gross.
Minimum initial deposit: £10,000 (if your balance falls below £10,000 we'll pay you 0.10% Gross/AER).
Maximum deposit: £500,000
Withdrawals: You can access your savings via CHAPS (fee applies) or Faster Payment to your Nominated Account when you email us a withdrawal notification form signed in accordance with your mandate. As an additional security measure we will follow up receipt of the withdrawal notification form with a call back to an authorised signatory to ask for characters from the memorable word linked to your account. There is a limit of one withdrawal request per day and a maximum daily withdrawal limit of £125,000.
Cut-off times for serving notice to withdraw: Signed notifications must be received by 11.30 a.m. on a business day; instructions received after these times will be processed next business day.
Paying money in: First payment by cheque 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 0.50% gross, the balance on a £10,000 deposit after 12 months would be £10,050.09. 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 (Ethical Easy Access Account).
Managing your account: All accounts are operated by post or email. We can answer any questions directly by email or over the phone.
  • Access: open an account with £10,000
  • Flexibility: add to your savings at any time or set up a direct debit
  • 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 Easy Access Account (Business) is available to limited companies, sole traders and partnerships 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. If you elect to 'APPLY ONLINE' you will need to print an Application Summary form at the end of the online process to sign and return to us.
  • Money when you need it: You can access your savings via CHAPS (fee applies) or Faster Payment to your Nominated Account when you email us a withdrawal notification form signed in accordance with your mandate. As an additional security measure we will follow up receipt of the withdrawal notification form with a call back to an authorised signatory to ask for characters from the memorable word linked to your account. There is a limit of one withdrawal request per day and a maximum daily withdrawal limit of £125,000.
  • Saving for impact: You can deposit up to £500,000.

To view the full Terms for organisations (Ethical Easy Access Account) 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 via CHAPS (fee applies) or Faster Payment to your Nominated Account when you email us a withdrawal notification form signed in accordance with your mandate. As an additional security measure we will follow up receipt of the withdrawal notification form with a call back to an authorised signatory to ask for characters from the memorable word linked to your account. There is a limit of one withdrawal request per day and a maximum daily withdrawal limit of £125,000.
  • 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 enquiries@charitybank.org.

Your money is protected by the FSCS

Ready to start saving?

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