CHARITIES SET TO BENEFIT FROM NEW SERVICE 

The country’s only regulated bank that is also a registered general charity has launched an asset finance service specifically for charities and emerging social enterprises. 

Charity Bank is the only bank that uses its depositors’ funds solely to support organisations providing solutions to society’s problems. 

Its team of assessors based across the UK work with local charities, social enterprises and community organisations to agree loans of up to £1 million, to help with anything from working capital to building purchase and refurbishment. 

Its Asset Finance service is aimed at organisations struggling to obtain finance for the purchase of equipment, such as a new minibus, grass cutter or computer system, that could transform their ability to deliver services for the people they have been set up to assist. 

Charity Bank also recently unveiled two new deposit products, the Charity Bank Savings Account and the Charity ISA, the only tax-free savings account where the deposit itself is used for a charitable purpose, as well providing an opportunity to donate the interest.

With an attractive interest rate of 4.50% AER*, it offers a ‘social’ as well as financial return as Charity Bank uses the funds to help charitable organisations not just survive, but prosper. 

Anyone wanting more information on Charity Bank’s products and services can visit the website at www.charitybank.org, or call  01732 774040 .

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Media: For pix, interviews, deposit product information or more details on Charity Bank’s work with borrowers in the region contact Sarah Graham at sgraham@charitybank.org or  07787 575023 , or call Charity Bank on  01732 774040