The Church of England’s Social Impact Investment Programme (The Archbishops' Council) has made a £1.1m equity investment in Charity Bank, an ethical bank that uses its savers' money to lend to charities, social enterprises, and faith based organisations.
Charity Bank has signed the Diversity Forum’s Manifesto 2.0 as part of its commitment to improve equity, diversity and inclusion, both in the bank’s operations as well as the wider social investment sector.
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.