Savings For Good

Ethical 33-Day Notice Account

Support the unsung heroes in your community with our 33-day notice ethical savings account.

Your eligible deposits with The Charity Bank Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. View and download the Charity Bank Deposit Guarantee Scheme: Information Sheet here. For further information visit www.fscs.org.uk.

Key benefits

Access

Open an account with just £250.

Flexibility

Add to your savings at any time.

Notice period of 33-days

The more you save, the higher your interest rate.

Social Impact

Your money will be used to support charities and social enterprises.

Summary Box

Payment of interest (personal account):

Interest will be paid gross, which means interest is paid to you without tax being deducted from it. If the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HM Revenue and Customs. For more information please see the latest Government information, or visit the HMRC website or call them on 0300 200 3310.

Notice Period:

33 days.

Minimum initial deposit:

£250

Maximum deposit:

£500,000.

Withdrawals:

Send us a signed letter to withdraw your money and you’ll receive it at the end of your chosen notice period.

Paying money in:

Initial deposit(s) can be made by cheque or electronic transfer from your nominated account only. From the day we confirm your account is open you have 14-calendar days to fund it with one or multiple deposits up to a maximum account balance of £500,000 or in excess of this limit if pre-approved by us. If your account is not funded to the minimum account balance of £250 within this period, it will be closed, and any funds returned to you. If not fully funded up to the maximum account balance of £500,000 in the 14-calendar day funding period additional credits are permitted and can be made by cheque, electronic transfer, direct debit or standing order from your nominated account up to this limit.

Number of account holders:

Up to two for personal accounts.

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 deposits of £1,000 and £25,000?

Based on our lower tier attracting an interest rate of 2.97% gross, the estimated balance on a £1,000 deposit after 12 months would be £1,030.03. Based on our upper tier attracting an interest rate of 3.12% gross, the estimated balance on a £25,000 deposit after 12 months would be £25,789.17. The illustrative examples assume no withdrawals, no changes to the managed interest rate over the period and interest is paid and compounded quarterly. (The illustrative examples do 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 personal savers.

Managing your account:

All accounts are operated by post. We can answer any questions directly by email or over the phone. Currently we do not offer online services once your account is open.

Aspatria Dreamscheme

Cumbria. England

“Without this loan, we couldn’t have bought the building so wouldn’t be able to deliver some of our community programmes. It’s great to know that the interest we’re paying means that Charity Bank can help other organisations like us.”

Read Story

Extern Homes

Newtownabbey, Northern Ireland

“To get to where we are today, with 10 properties, was only achievable with the loan arrangement with Charity Bank. It’s a bank with a purpose. You could see that in the relationships we had with the people at Charity Bank.”

Read Story

Sutton Housing Society

Sutton, England

“It’s not about numbers on a spreadsheet; it's about genuinely changing people's lives. And that's why it's so great to work with Charity Bank, because they believe that too. We believe the Charity Bank is different to other banks - it doesn’t feel like they’re the lender and we’re the borrower; we’re a team.”

Read Story

Discuss a savings account

Talk to our UK based Savings Team about your needs.

[email protected]
01732 441944

Woman standing against brick wall outside Rene House

Savings for good

Our ethical savings accounts give you the ability to help create lasting social change. Explore our full range of ethical savings accounts to find right account for you.

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