Rebecca Fricker’s religious beliefs were the driving force behind her decision to start saving with Charity Bank. Rebecca, who lives in Essex with her husband and 12-year-old son, is a freelance law librarian and a Quaker.
Gloria Wright, Trustee for the charity Sussex Lantern, explains how opening a savings account with Charity Bank is moving them closer to their goal of a new purpose-built centre that will support those living with disabilities across the South East.
Choosing an ethical current account is increasingly recognised as a way of helping everything from tackling climate change to socially responsible businesses, and the number of banks offering them is growing.
As part of Charity Bank’s Follow The Money campaign, to show the difference you can make simply by saving with an ethical bank, photographer Lucy will visit over 30 charities and social enterprises across the UK.
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.