“Charity Bank has become part of a tripartite relationship with ourselves and Homes England. That arrangement has allowed us to provide more accommodation and strengthen our financial resilience.” Read our interview with YMCA Cheltenham’s CEO Joseph Main.
What better way to celebrate your 125th anniversary than with a new property that gives you space to enrich lives and bring community together? That’s exactly what Mosaic 1898 has done, with the help of a Charity Bank loan. CEO Zoheb Shariff tells us more.
Mosaic 1898 is using its Charity Bank loan to turn an old chapel, community centre and house into The Whetstone Hub. Doing so will enable the charity to enrich even more disabled lives and launch new services.
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.