Summary

Available to individuals who are permanently resident in the UK.
3.22% / 3.26% Gross/AER*

Ethical Easy Access Account (Gross/AER)* Managed Rate

Managed Rate	£5,000 - £85,000
Easy Access	3.22% /3.26%

*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.

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.
Minimum initial deposit:	£5,000 (if your balance falls below £5,000 we'll pay you 0.10% Gross/AER).
Maximum deposit:	£85,000.
Withdrawals:	You can access your savings via CHAPS (fee applies) or Faster Payment to your Nominated Account when you email us a withdrawal notification form signed in accordance with your mandate. As an additional security measure we will follow up receipt of the withdrawal notification form with a call back to an authorised signatory to ask for characters from the memorable word linked to your account.
Cut-off times for serving notice to withdraw:	Signed notifications must be received by 11.30 a.m. on a business day; instructions received after these times will be processed next business day.
Paying money in:	Initial deposit(s) can be made by cheque or electronic transfer within 14 days of notification account opened. Within the funding period you may fund your account with one or multiple deposits from your nominated account up to a maximum account balance of £85,000. If your account is not funded to the minimum account balance of £5,000 within this period it will be closed, and any funds returned to you. Subsequent payments are supported by cheque, electronic transfer or standing order from your nominated account.
Number of account holders:	Up to two for personal accounts.
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 a £5,000 deposit?	Based on an interest rate of 3.22% gross, the balance on a £5,000 deposit after 12 months would be £5,162.95. This illustrative example assumes no withdrawals and no changes to the managed interest rate over the period. (The illustrative example does 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 personal savers (Ethical Easy Access Account).
Managing your account:	All accounts are operated by post or email. We can answer any questions directly by email or over the phone.

Ready to start saving? Apply Online Apply by Post

Find out where your money goes

Access: open an account with £5,000.
Protection: your funds are protected under the Financial Services Compensation Scheme (FSCS) up to £85,000.
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 Easy Access Account is available to individuals who are permanently resident in the UK.
Flexibility: Regular credits can be made from your nominated account, by cheque, electronic transfer or standing order, up to the maximum account balance of £85,000.

To view the full Terms for personal savers (Ethical Easy Access Account) please click here

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 via CHAPS (fee applies) or Faster Payment to your Nominated Account when you email us a withdrawal notification form signed in accordance with your mandate. As an additional security measure we will follow up receipt of the withdrawal notification form with a call back to an authorised signatory to ask for characters from the memorable word linked to your 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 01732 441944 or email enquiries@charitybank.org.

Protecting your money

Ready to start saving?

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Community Investment Tax Relief Base Rate Tracker (Business/Credit Union) Account

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Additionally, there’s 5.00% tax relief p.a. on 75% of the amount saved.

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