In a recent discussion at the Navigating Change event, our audience heard from Guy Davies Co-Founder of Charity Intelligence, who shed light on how charities can balance their financial objectives with making a positive impact on society.
“Most lenders weren’t willing to offer us a loan, but Charity Bank worked with us in a really creative way to come up with a funding plan.” Read our interview with Cathy Taylor, Executive Head of Red Balloon NW London.
“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.
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.