“Residents are absolutely delighted with their new home. Their families walk in now and go, ‘Wow, this is beautiful; I'd love to live here.’” Read how Sutton Housing Society is improving housing for older people.
“It would have been hugely difficult if we’d closed down; there's hardly anywhere else for these children to go. But we didn’t have enough cash to keep going, and we couldn’t get a loan from a high street bank.”
Y:Housing helps YMCAs to keep their properties, and young people to have affordable homes. But the charity couldn’t do what it does without loan finance. Melissa Lloyd, CEO of Y:Housing, tells us more.
Your eligible deposits with Charity Bank are currently protected up to a maximum of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Total balances above £85,000 are not protected.
For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000).
Deposits from large companies and small local authorities are covered by the FSCS deposit protection from 30 January 2017 up to a maximum of £85,000.
Visit the FSCS website for more information or call the FSCS on 0800 678 1100 or 0207 741 4100.