Having successfully raised nearly £5 million in subordinated debt, Charity Bank is now focusing on attracting new shareholders. Each £1 of equity investment can translate into £8 of lending to charities and social enterprises.
YMCA Burton on Trent helps homeless young people to get their lives back on track. CEO Paul Laffey explains how buying their property has enabled them to make improvements to the building and develop their furniture strategy for the long term.
Emmaus Village Carlton enables homeless people to get their lives back on track. ‘Companions’ can access long-term accommodation, take advantage of work experience opportunities and regain their confidence by becoming a valued member of a supportive community.
Homes for Good is Scotland’s first social enterprise lettings agency. With the help of loans totalling £6.5 million, delivered by Charity Bank in partnership with another social investor, Homes for Good has bought, renovated and let out almost 200 homes.
Your money is covered by the Financial Services Compensation Scheme
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.