In support of Good Money Week Charity Bank is hosting a two-week Follow the Money programme. From 19th to 28th October, 15 of Charity Bank’s borrowers across the UK will be opening their doors to the public. Here’s why it’s worth signing up.
So you’re passionate about finding solutions to housing, energy and other issues facing your local area. But when it comes to funding these sorts of projects, it can be challenging. You could turn to an ethical bank for support.
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.