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Interest Rates

Charity Bank Savings Account

Balance Notice Period
30 days 90 days 12 months
Gross/AER Net Gross/AER Net Gross/AER Net
£10 – £24,999 0.30% 0.24% 0.30% 0.24% 0.50% 0.40%
£25,000 – £99,999 0.50% 0.40% 0.50% 0.40% 1.00% 0.80%
£100,000 – £999,999 1.00% 0.80% 1.50% 1.20% 1.50% 1.20%
£1m+ 1.25% 1.00% 1.50% 1.20% 1.75% 1.40%

Interest is calculated daily and added to your account quarterly in March, June, September and December.

Community Bond (Gross / AER*)
Including Yorkshire Deposit Bond, Welsh Community Bond, Liverpool Sefton Social Investment Bond and Kent Community Bond.

Balance Fixed Period
12 months 36 months
Gross/AER Net Gross/AER Net
£1,000 – £24,999 0.50% 0.40% 1.00% 0.80%
£25,000 – £99,999 1.00% 0.80% 1.50% 1.20%
£100,000 – £999,999 1.50% 1.20% 2.00% 1.60%
£1m+ 1.75% 1.40% 2.50% 2.00%

The interest on the Bond accounts is accrued daily and credited at maturity on the (12 month) accounts and at the anniversary of the investment.

Charity Bank Small Steps Account (Gross/AER*)

Fixed Term deposit account for under-16s.

Term Minimum Deposit £10
6 months 2.00%
1 year 2.00%
3 year 2.00%
5 year 2.00%

Interest is calculated daily and added to your account quarterly in March, June, September and December.

* Interest will be paid or credited gross, subject to the required certification. Net interest is the rate of interest which would be payable after allowing for the deduction of income tax at the lower rate. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Choosing to forego your interest helps us to keep our lending rates affordable.  Or you can donate your interest to your favourite charity or your CAF Account.

Details of previous rates can be viewed here.

Our Terms

Our terms and conditions (‘general terms’) apply to deposit accounts held with Charity Bank.  They are in addition to the product terms and conditions (‘product terms’) set out for each type of deposit account.

Please click here to download our Terms and Conditions. Or call us on 01732 774040 or email savings@charitybank.org and we’ll send you a copy in the post.

(The document above is available to download in Acrobat Reader. You must have Acrobat 3 or a more recent version to access these documents. Click here for help with Acrobat Reader or in downloading documents from your browser.  Alternatively, call or e-mail us and we will be happy to send you a printed form.)

Deposit Account Charges

The following charges are effective from 1st November 2009

Withdrawal/Closure by CHAPS

£7.50

Duplicate Statement

Any fees payable will be  advised to you at the time.

To obtain a copy of your Personal Data held  by Charity Bank.

£10 Administration

When you need your funds returned to you, please ensure you provide us with the required written notice period.