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Ethical Cash ISA
Important message: On 30 April 2013, we closed our Cash ISA (Issue 3) to new customers. Due to unprecedented levels of new deposits our loan book is fully funded and we have sufficient liquidity to meet our existing loan demand. If you would like to be notified when we launch a new Cash ISA please email your full name and title to enquiries@charitybank.org.
The Charity Bank Cash ISA Third Edition
An investment in the Ethical Cash ISA from Charity Bank will not just secure you a competitive tax-free 2.05%* return on your money. It will also help us lend money to any number of charities and social enterprises such as Community Wise, a community centre in Eastbourne who required funding to buy and then upgrade their building.
In fact since 2002, Charity Bank has made a real difference to more than 3.5 million people by lending over £165m to charities and community projects across the UK. We are also responsible about how we lend money and on our website you can find full details about the organisations to which we’ve lent money.
- Interest rate 2.05% tax-free (2.05% AER*)
- We lend to charities and community organisations
- Deposit up to £5,760 a year
- Notice period is 33 days - Early repayments are not permitted
- Interest rate is variable subject to 60 days notice
- Charity Bank is a member of the Financial Services Compensation Scheme
Financial Return and Social Impact
Our Ethical Cash ISA invites savers to take a more ethical approach to banking by creating social impact, whilst still earning a competitive return. The Ethical Cash ISA supports a wide range of organisations committed to providing education and training, arts and heritage, community regeneration, social care, health, housing and supported accommodation, as well as international and sustainable development.
See how we use your money
Savings will only be lent to support charities, social enterprises and community organisations that benefit people and communities across the UK. Charity Bank is committed to openness and transparency, and publishes details of all the loans it makes. Details of some of these loans are published here on our website.
Apply for our Ethical Cash ISA
Our Ethical Cash ISA is for any UK resident aged 16 or over. You can open an account with £250. Please see PDF forms below.
Tax-free is the contractual rate of interest payable where the interest is exempt from income tax. The favourable tax treatment for ISAs could change.
*Interest is calculated on a daily basis and will be credited to your account in December each year. Interest rates are variable and subject to change with 60 days advanced written notice from the bank. All repayments, or transfers to another ISA provider, will be subject to the full notice period of 33 days.
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