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 (Personal)
Payment of interest:Interest will be paid gross.
Fixed term:Five years.
Withdrawals:No withdrawals for the first three years. See the CITRA 12th Issue Key Features for information about amounts that can be drawn without penalty thereafter.
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.
Paying money in:You can elect to fund your account by electronic transfer or cheque. 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 quarterly 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)
How does the Income Tax benefit work?For example if a saver put £15,000 into a CITRA 12th Issue on 1 May 2021. The amount for each tax year for which relief may be claimed is £15,000 i.e. tax relief of £750 (5% of £15,000) may be claimed for the tax year 2021/22 (the tax year in which the saving was made) and for each of the four subsequent tax years. (UK tax legislation, which may be subject to change, may have an impact on your personal tax position.)
Managing your account:Once opened all accounts are operated by post. We can answer any questions directly by email or over the phone.
Charity Bank 5-year Community Account (Personal)
Payment of interest:Interested is calculated daily and credited to your account on each anniversary and at maturity.
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 12th Issue of £500,000.00 too.
Number of deposits:One only.
Withdrawals:No withdrawals or closures before the maturity date.
Paying money in:You can fund the account by electronic transfer or cheque. Additional payments to the account cannot be made once it has been opened.
Number of account holders:One.
How we calculate interest:Interest is accrued daily.
Managing your account:Once opened all accounts are operated by post. We can answer any questions directly by email or over the phone.
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)
Ready to start saving?

CITRA 12th Issue (Personal)

  • Access: New savers open an account with £7,500, existing savers with £3,750. You can deposit up to £500,000. Deposits in your CITRA 12th Issue (Personal) may not exceed the 1.00:0.50 basis to deposits in your 5-year Community Account (Personal).
  • Return: lock your savings away for five years and enjoy 0.05% gross* / AER** interest and 5% income tax relief for each 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 (Personal)

  • 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 (Personal)

  • Opening an account: The CITRA 12th Issue (Personal) is available to Charity Bank 5-year Community Account (Personal) holders.
  • Saving for impact: You can deposit up to £250,000. Deposits in your CITRA 12th Issue (Personal) may not exceed the 1.00:0.50 basis to deposits in your 5-year Community Account (Personal).
  • To view the full Terms for personal savers please click here.

Charity Bank 5-year Community Account (Personal)

  • Opening an account: The Charity Bank 5-year Community Account (Personal) is open to individuals over the age of 16 who are permanent UK residents / taxpayers.
  • Saving for impact: You can deposit up to £500,000.
  • To view the full Terms for personal savers 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 (Personal)

  • Getting started. Once you've opened your account with us, we'll send you a welcome pack explaining how to manage your account, claim your tax relief 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 (Personal)

  • 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 before the account matures and unless you instruct us otherwise, your account will mature into a Charity Bank Savings Account with 33-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