Summary

The CITRA 12th Issue and its qualifying 5-year Community Account is oversubscribed, and we are not currently accepting new applications. To join the waiting list and be informed about when this is next available, please submit your enquiry below.

The details below are for information only and subject to change.

In line with our privacy notice, we use Survey Monkey to capture your name, email address and the savings product that you are interested in being contacted about.

Join the waiting list – CITRA Savings Account

CITRA 12th Issue (Business)
Payment of interest:For individual partnerships interest will be paid without tax deducted (gross). If the total amount of interest you receive in any tax year exceeds any Personal Savings Allowance to which you’re entitled, you may have tax to pay at the applicable rate. This would need to be paid directly to HMRC. For more information, please visit gov.uk and search for ‘Personal Savings Allowance’. For corporate customers interest will be paid gross.
Fixed term:Five years.
Minimum initial deposit (Existing savers):£3,750.00 – the deposit in the CITRA 12th Issue must not exceed the 1.00:0.50 basis.
Minimum initial deposit (New savers):£7,500.00 – the deposit in the CITRA 12th Issue must not exceed the 1.00:0.50 basis.
Maximum deposit:£500,000.00 can be placed in the CITRA 12th Issue.
Withdrawals:No withdrawals for the first three years. See the CITRA 12th Issue Key Features document for information about amounts that can be drawn without penalty thereafter.
Paying money in:Initial deposit can by cheque or electronic transfer. Additional payments to the account cannot be made once it has been opened.
Number of account holders:One.
How we calculate interest:Interest is calculated daily and added to your account on a quarterly basis in March, June, September and December.
What would the estimated balance be after 60 months based on a £3,750 deposit?Based on an interest rate of 0.05% gross, the estimated balance on a £3,750 deposit after 60 months would be £3,759.38. This illustrative example assumes no withdrawals, no changes to the managed interest rate over the period and interest is paid and compounded quarterly. (The illustrative example does not take into account the individual circumstances of a customer).
Managing your account:All accounts are operated by post. We can answer any questions directly by email or over the phone.
Charity Bank 5-year Community Account (Business)
Payment of interest:For individual partnerships interest will be paid without tax deducted (gross). If the total amount of interest you receive in any tax year exceeds any Personal Savings Allowance to which you’re entitled, you may have tax to pay at the applicable rate. This would need to be paid directly to HMRC. For more information, please visit gov.uk and search for ‘Personal Savings Allowance’. For corporate customers interest will be paid gross.
Fixed term:Five years.
Minimum initial deposit (Existing savers):The minimum amount that can be put into a 5-Year Community Account is £1,875.00.
Minimum initial deposit (New savers):The minimum amount that can be put into a 5-Year Community Account is £3,750.00.
Maximum deposit:£250,000.00 thus, qualifying for a deposit in the CITRA 12 Issue of £500,000.00 too.
Number of deposits:One only.
Withdrawals:No withdrawals or closures before the maturity date.
Paying money in:Initial deposit can be by cheque or electronic transfer. Additional payments to the account cannot be made once it has been opened.
Number of account holders:One.
How we calculate interest:Interested is calculated daily and credited to your account on each anniversary and at maturity.
What would the estimated balance be after 60 months based on a £3,750 deposit?Based on an interest rate of 0.20% gross, the estimated balance on a £3,750 deposit after 60 months would be £3,787.65. This illustrative example assumes no withdrawals, no changes to the managed interest rate over the period and interest is paid and compounded annually. (The illustrative example does not take into account the individual circumstances of a customer).
Managing your account:All accounts are operated by post. We can answer any questions directly by email or over the phone.
Ready to start saving?

CITRA 12th Issue (Business)

  • Access: New savers can open an account with £7,500, existing savers with £3,750. You can deposit up to £500,000. Deposits in your CITRA 12th Issue (Business) may not exceed the 1.00:0.50 basis to deposits in your 5-year Community Account (Business).
  • Return: lock your savings away for five years and enjoy 0.05% gross* / AER** interest and 5% tax relief for every year of the term.
  • Social impact: your money will be used to support charities and social enterprises across the UK.
  • Ready to start saving? Find out where your money goes.

Charity Bank 5-year Community Account (Business)

  • Access: New savers open an account with £3,750, existing savers with £1,875.
  • Return: lock your savings away for five years and enjoy 0.20% gross* / AER**.
  • Social impact: your money will be used to support charities and social enterprises across the UK.
  • Ready to start saving? Find out where your money goes.

CITRA 12th Issue (Business)

  • Opening an account: The CITRA 12th Issue is available to Charity Bank 5-year Community Account (Business) holders. All directors, partners, members, beneficial owners and additional signatories must be permanent UK residents.
  • Saving for impact: You can deposit up to £500,000. Deposits in your CITRA 12th Issue may not exceed the 1.00:0.50 basis to deposits in your Charity Bank 5-year Community Account (Business).
  • To view the full Terms for organisations please click here.

Charity Bank 5-year Community Account (Business)

  • Opening an account: The Charity Bank 5-year Community Account (Business) is open to limited companies, partnerships, and credit unions. Companies and shareholding companies must be UK registered. All directors, additional signatories, members, partners and shareholders must be permanent UK residents.
  • Saving for impact: You can deposit up to £250,000.
  • To view the full Terms for organisations please click here.

For all Charity Bank savings documentation including historical/current interest rates, terms for savers, and application forms, please visit our documents library.

CITRA 12th Issue (Business)

  • Getting started. Once you've opened your account with us, we'll send you a welcome pack explaining how to manage your account and find out where we’re investing your money.
  • Your impact. You’ll receive annual bank statements with a twist: you’ll see how your savings have grown and you’ll learn about some of the organisations your savings have supported.
  • Withdrawals. When your account matures your funds will be transferred into the account from which they originated – your Nominated Account.
  • Staying in touch. You can call us directly to check your account details and rates. Questions? Talk to us if you have any questions – t: 01732 441944 e: enquiries@charitybank.org

Charity Bank 5-year Community Account (Business)

  • Getting started. Once you've opened your account with us, we'll send you a welcome pack explaining how to manage your account and find out where we’re investing your money.
  • Withdrawals. No withdrawals before the maturity date. You will be notified a week before the account matures and unless you instruct us otherwise, your Charity Bank 5-year Community Account (Business) will mature into a Charity Bank Savings Account with 40-day notice.
  • Staying in touch. You can call us directly to check your account details and rates. Questions? Talk to us if you have any questions – t: 01732 441944 e: enquiries@charitybank.org

Protecting your money