Summary

  • Available to individuals who are permanently resident in the UK and only liable to pay tax in the UK
  • 0.75% Gross/AER*
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Ethical 3-Year Fixed Rate Account (Gross/AER)* - Fixed Rate

Fixed Period£5,000 - £500,000
3 years0.75%

*Gross is the interest rate without tax deducted.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

If you are wishing to place deposits greater than £500,000, please contact our savings team on 01732 441944.

View our Historic Interest Rates for our Personal Savings accounts since January 2015.

Payment of interest (personal account)Interest will be paid gross, which means interest is paid to you without tax being deducted from it. If the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HM Revenue and Customs. For more information please see the latest Government information, or visit the HMRC website or call them on 0300 200 3310.
Fixed term3 years.
Minimum initial deposit£5,000.
Maximum deposit£500,000.
WithdrawalsNo withdrawals, transfers out or closures are permitted before the maturity date.
Paying money inOnly one deposit can be made into the account. This can be made by cheque or electronic transfer.
Number of account holdersUp to four for personal accounts.
How we calculate interestInterest is calculated daily and applied to your account annually on the anniversary of the investment and at maturity. There is no bonus interest payable.
What would the estimated balance be after 36 months based on a deposit of £5,000?Based on an interest rate of 0.75% gross, the balance on a £5,000 deposit after 36 months would be £5,113.35. The illustrative examples assume no withdrawals, no changes to the fixed interest rate over the period and interest is paid at maturity for the 1-Year Fixed Rate and paid annually and compounded for the 3-Year Fixed Rate. (The illustrative examples do not take into account the individual circumstances of a customer)
Can Charity Bank change the interest rate?The interest rate is fixed and cannot be altered in accordance with Section 8 Changes to interest rates of our Terms for personal savers.
Managing your accountYou can open your account online or by post. We will answer any questions directly by email, telephone or post.
What happens at maturity of the fixed-term?We will write to you before maturity to remind you of the date that your fixed-term ends. At maturity, you can either withdraw your funds to your Nominated Account, reinvest them in a new fixed-rate account or transfer them into an alternative Charity Bank account of your choice (subject to any specific account Terms). If you do not let us know what you wish to do by the maturity date, your account will automatically revert to an Ethical 33-Day Notice account and the managed interest rate will be confirmed to you in writing. The Ethical 33-Day Notice account is subject to the following condition: A signed letter giving 33 days’ notice is required for withdrawals and closures.
  • Access: open an account with just £5,000.
  • Return: lock your savings away for three years and enjoy a fixed rate of interest [see the rates table above].
  • Social impact: your money will be used to support charities and social enterprises, whilst earning you a return.
  • Opening an account: The Ethical 3-Year Fixed Rate Account is available to individuals. You need to be aged 16 years or over, resident in the UK and liable to pay tax in the UK.
  • Application process: You may apply online. You will need to print an Application Summary at the end of the online process to sign and return to us. Alternatively, you can apply by post.
  • Access: This is a fixed term account. When your account matures you can arrange an electronic transfer into your Nominated Account or another Charity Bank account.
  • FSCS protection: Your eligible deposits with Charity Bank are currently protected up to the limit of £85,000 under the Financial Services Compensation Scheme.
  • Saving for impact: You can deposit up to £500,000.

To view our full Terms for Personal Savers click here.

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

  • Getting started. Once you've opened your account with us, we'll send you a welcome pack explaining how to manage your account and where we’re investing your money.
  • Your impact. You’ll receive annual bank statements with a twist: see how your savings have grown and learn about some of the organisations your savings have supported.
  • Withdrawals. When your account matures you can arrange an electronic transfer into your Nominated Account, or another Charity Bank 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 – call 01732 441944 or email savings@charitybank.org.

Protecting your money

Explore our other accounts

Not the right account for you? Or perhaps you'd like to open more than one account? Read about our other ethical savings accounts.

Ethical 33-Day Notice Account

  • Make your savings work for charities and social enterprises
  • Up to 0.35% Gross/AER*
  • Individuals who are permanently resident in the UK

Find out more

Ethical 1-Year Fixed Rate Account

  • Lock your money away and support the unsung heroes in our communities
  • 0.47% Gross/AER*
  • Individuals who are permanently resident in the UK and only liable to pay tax in the UK

Find out more

Ethical 3-Year Fixed Rate Account

  • Lock your money away and support the unsung heroes in our communities
  • Up to 0.75% Gross/AER*
  • Individuals who are permanently resident in the UK and only liable to pay tax in the UK

Find out more

CITRA 12th Issue (opened with its qualifying 5-year Community Account)

CITRA 12th Issue (Personal)

  • 0.05% gross* / AER** & 5.00% tax relief***

Charity Bank 5-year Community Account (Personal)

  • 0.20% gross* / AER**

Find out more

Ethical 40-Day Notice Business Account

  • 40-day notice period
  • Available to businesses
  • 0.20% - 0.35% Gross/AER*
  • Higher interest rates apply to higher balances

Find out more

Ethical 1-Year Business Fixed Rate Account

  • Available to business savers
  • 0.47% Gross / AER*

Find out more

Ethical 3-Year Business Fixed Rate Account

  • Available to business savers
  • 0.75% Gross / AER*

Find out more

CITRA 12th Issue (Business/Credit Union) (opened with its qualifying 5-year Community Account)

CITRA 12th Issue (Business)

0.05% gross* / AER** & 5.00% tax relief***

Charity Bank 5-year Community Account (Business)

0.20% gross* / AER**

Find out more

Ethical 40-Day Notice Charity, Trust and Unincorporated Association Account

  • 40-day notice period
  • Available to charities, trusts and unincorporated associations
  • 0.20% - 0.35% Gross/AER*
  • Higher interest rates apply to higher balances

Find out more

Ethical 1-Year Charity, Trust and Unincorporated Association Fixed Rate Account

  • Available if you are a UK registered charity or trusts or unincorporated association (club or society)
  • 0.47% Gross / AER*

Find out more

Ethical 3-Year Charity, Trust and Unincorporated Association Fixed Rate Account

  • Available if you are a UK registered charity or trusts or unincorporated association (club or society)
  • 0.75% Gross / AER*

Find out more

Ethical 1-Year Credit Union Fixed Rate Account

  • Available to credit unions
  • 0.45% Gross / AER*

Find out more

Ethical 3-Year Credit Union Fixed Rate Account

  • Available to credit unions
  • 0.70% Gross / AER*

Find out more