Charity Bank, the loans and savings bank setup specifically to support charities and social enterprises in the UK, has announced a principal partnership agreement to feature at the Positive Banking Conference 2021.
Housing charity Chrysalis is working to reduce its reliance on leased properties by increasing its property ownership. A £666,000 loan has enabled Chrysalis to refinance one property and purchase another.
Vulnerable people deserve decent homes and the support they need to rebuild their lives. Chrysalis is helping to make that a reality. The charity recently strengthened its housing provision using a loan from Charity Bank.
For more than 30 years, Living Paintings has been helping to bring art and stories to life for blind people. And for most of that time, Charity Bank has been by its side. Here, Chief Executive Camilla Oldland tells us about her journey with Charity Bank.
Your eligible deposits with Charity Bank are currently protected up to a maximum of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Total balances above £85,000 are not protected.
For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000).
Deposits from large companies and small local authorities are covered by the FSCS deposit protection from 30 January 2017 up to a maximum of £85,000.
Visit the FSCS website for more information or call the FSCS on 0800 678 1100 or 0207 741 4100.