Robin Budenberg, former chief executive and chairman of the body that manages the UK taxpayers’ bank stakes, and Kate Sayer, author of several charity finance books and auditor to charities and social enterprises, both join the Charity Bank board.
Tonbridge based Charity Bank – the ethical bank that takes savings from individuals and institutions, and lends solely to social sector organisations – has become one of the first employers in Kent to become an accredited Living Wage Employer.
Charity Bank has recognised three of its borrowers in its annual Impact Awards. The awards were open to all current Charity Bank borrowers and comprised three categories: greatest impact, most innovative use of loan finance, and best community initiative.
Big Society Capital has made its largest ever single investment – up to £14.5m of ordinary shares in Charity Bank in three successive tranches between 2014 and 2016. The first tranche of £4.5m has been invested.
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.