Summary

Charity Bank account for charities, trusts and unincorporated associations:

  • Available to charities, trusts and unincorporated associations
  • 3.22% / 3.26% Gross/AER*
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Ethical Easy Access (Gross/AER)* Managed Rate

Managed Rate£10,000 - £500,000**
Easy Access3.22% / 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.

**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 Charity, Trust and Unincorporated Association Savings accounts since January 2015.

Payment of interest:You'll receive interest gross. The gross rate is the interest rate we pay where no tax has been deducted.
Minimum initial deposit:£10,000 (if your balance falls below £10,000 we'll pay you 0.10% Gross/AER).
Maximum deposit:£500,000
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. There is a limit of one withdrawal request per day and a maximum daily withdrawal limit of £125,000.
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 £500,000. If your account is not funded to the minimum account balance of £10,000 within this period it will be closed, and any funds returned to you. Subsequent payments are supported by cheque, electronic transfer, direct debit or standing order from your nominated account.
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 a £10,000 deposit?Based on an interest rate of 3.22% gross, the balance on a £10,000 deposit after 12 months would be £10,325.91. 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 organisations (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.
  • Access: open an account with £10,000
  • Flexibility: Regular credits can be made from your nominated account, by electronic transfer, direct debit or why not set up a standing order up to the maximum account balance of £500,000 or in excess of this limit if pre-approved by us.
  • 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: If you are a UK registered charity or trusts or unincorporated association (club or society). All trustees, directors, beneficial owners and additional signatories must be permanent UK residents. If you elect to 'APPLY ONLINE' you will need to print an Application Summary Form at the end of the online process to sign and return to us.
  • Money when you need it: 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. There is a limit of one withdrawal request per day and a maximum daily withdrawal limit of £125,000.
  • Saving for impact: You can deposit up to £500,000

To view Charity Bank's Terms for organisations (Ethical Easy Access Account) 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 send 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. There is a limit of one withdrawal request per day and a maximum daily withdrawal limit of £125,000.
  • 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?

Explore our other ethical savings accounts

Ethical 33-Day Notice Account

  • Make your savings work for charities and social enterprises
  • 2.97% / 3.00% - 3.12% / 3.16% Gross/AER*
  • Individuals who are permanently resident in the UK

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Ethical 93-Day Notice Account

  • Make your savings work for charities and social enterprises
  • 3.00% / 3.03% - 3.15% / 3.19% Gross/AER*
  • Individuals who are permanently resident in the UK

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Ethical 1-Year Fixed Rate Account

  • Lock your money away and support the unsung heroes in our communities
  • 4.86% Gross/AER*
  • Individuals who are permanently resident in the UK and only liable to pay tax in the UK

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Ethical 3-Year Fixed Rate Account

  • Lock your money away and support the unsung heroes in our communities
  • Up to 4.36% Gross/AER*
  • Individuals who are permanently resident in the UK and only liable to pay tax in the UK

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Ethical 33-Day Notice Cash ISA

  • An account that makes your savings work for good
  • 3.01% Gross/AER*
  • Individuals who are permanently resident in the UK

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CITRA 17th Issue (Personal)

CITRA 17th Issue (Personal)

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

Qualifying 5-year Community Account (Personal)

  • 5.75% gross*/AER**

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Ethical Easy Access Account (Business Savings)

  • Available to business savers located in the UK (this account is not available to credit unions)
  • 3.22% / 3.26% Gross/AER*

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Ethical 40-Day Notice Business Account

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

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Ethical 100-Day Notice Business Account

  • 100-day notice period
  • Available to businesses
  • 3.14% / 3.18% - 3.29% / 3.33% Gross/AER*
  • Higher interest rates apply to higher balances

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Ethical 1-Year Business Fixed Rate Account

  • Available to business savers
  • 4.86% Gross / AER*

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Ethical 3-Year Business Fixed Rate Account

  • Available to business savers
  • 4.36% Gross / AER*

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CITRA 17th Issue (Business/Credit Union)

CITRA 17th Issue (Business/Credit Union)

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

Qualifying 5-year Community Account (Business/Credit Union)

  • 5.75% gross*/AER**

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Ethical Easy Access Account (Charity, Trust and Unincorporated Associations)

  • Available to charities, trusts and unincorporated associations
  • 3.22% / 3.26% 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
  • 3.11% / 3.15% - 3.26% / 3.30% Gross/AER*
  • Higher interest rates apply to higher balances

Find out more

Ethical 100-Day Notice Charity, Trust and Unincorporated Association Account

  • 100-day notice period
  • Available to charities, trusts and unincorporated associations
  • 3.14% / 3.18% - 3.29% / 3.33% 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)
  • 4.86% 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)
  • 4.36% Gross / AER*

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Ethical 1-Year Credit Union Fixed Rate Account

  • Available to credit unions
  • 4.81% Gross / AER*

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Ethical 3-Year Credit Union Fixed Rate Account

  • Available to credit unions
  • 4.31% Gross / AER*

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Ethical 100-Day Notice Credit Union Account

  • 100-day notice period
  • Available to credit unions
  • 3.14% / 3.18% - 3.29% / 3.33% Gross/AER*

Find out more