As with many areas of outstanding natural beauty, Above Derwent in Cumbria is popular with holidaymakers. Unfortunately, that means that a large number of houses are second homes or holiday lets, and local people are struggling to get on the property ladder.
Target Housing’s clients often have multiple needs, from addictions to mental health issues and disabilities. Many have been turned away from other housing providers and some are in the last five years of life.
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.