Summary

40-day notice period
Available to businesses
3.11% / 3.15% - 3.26% / 3.30% Gross/AER*
Higher interest rates apply to higher balances

Ethical 40-Day Notice Business Account (Gross/AER)* - Managed Rate

Notice period Minimum saving £1,000	£1,000 - £24,999	£25,000 - £500,000**
40 days	3.11% / 3.15%	3.26% / 3.30%

*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 a charity, business or private individual looking to place deposits greater than £500,000, please contact our savings team on 01732 441944.

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

Payment of interest:	Interest is paid Gross i.e. without tax deducted.
Notice period:	40 days
Minimum initial deposit:	£1,000. (If your balance falls below £1,000 we’ll pay you 0.10% Gross/AER)
Maximum deposit:	£500,000
Withdrawals:	Access your savings (after the 40-day notice period) by electronic transfer or post to your Nominated Account.
Paying money in:	Initial deposit(s) can be made by cheque or electronic transfer from your nominated account only. From the day we confirm your account is open you have 14-calendar days to fund it with one or multiple deposits up to a maximum account balance of £500,000 or in excess of this limit if pre-approved by us. If your account is not funded to the minimum account balance of £1,000 within this period, it will be closed and any funds returned to you. If not fully funded up to the maximum account balance of £500,000 in the 14-calendar day funding period additional credits are permitted and can be made by cheque, electronic transfer, direct debit or standing order from your nominated account up to this limit.
Number of account holders:	Unlimited
How we calculate interest:	Interest is calculated daily and added to your account quarterly in March, June, September and December and on closure of your account. There is no bonus interest payable.
What would the estimated balance be after 12 months based on deposits of £1,000 and £25,000?	Based on our lower tier attracting an interest rate of 3.11% gross, the balance on a £1,000 deposit after 12 months would be £1,031.46 Based on our upper tier attracting an interest rate of 3.26% gross, the balance on a £25,000 deposit after 12 months would be £25,825.02. The illustrative examples assume no withdrawals, no changes to the managed interest rate over the period and interest is paid and compounded quarterly. (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 managed and may be altered in accordance with Section 9 Changes to interest rates of our Terms for organisations.
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? Apply by Post Apply online

Find out where your money goes

Access: open an account with £1,000.
Flexibility: add to your savings at any time or set up a direct debit.
Fair return: interest rates are tiered depending on how much you choose to save with us. Higher interest rates apply to higher balances (see the rates table above)
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

Opening an account: The Ethical 40 Day Notice Business Account is available to limited companies, partnerships, and credit unions looking to save and do good. Companies and shareholding companies must be UK registered. All directors, additional signatories, members, partners and shareholders must be permanent UK residents.
Money when you need it: You can access your savings after your full notice period via electronic transfer or post to your Nominated Account. There are no restrictions to the amount of withdrawals you can request.
Saving for impact: You can deposit up to £500,000.

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.

Getting started. Once your account is open and funded, we shall write to you confirming your account details and how to operate it.
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. You can access your savings after your full notice period via electronic transfer or post to 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 – telephone 01732441944 or email savings@charitybank.org.

Protecting your money

Ready to start saving?

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Community Investment Tax Relief Base Rate Tracker (Personal) Account

Available to individuals who are tax resident in the UK.
Make a positive difference to disadvantaged communities across the UK.
Interest tracks 3.25% below Bank of England base rate and is currently 2.00% Gross / 2.02% AER on 100% of the amount saved.
Additionally, there’s 5.00% tax relief p.a. on 75% of the amount saved.

Ethical 40-Day Notice Business Account

Summary