In this blog, Ed Siegel, CEO of Charity Bank, shares how our customers have been a source of inspiration and how, as a social lender, we are adapting to meet the multiple challenges presented by the COVID-19 pandemic.
The East Cambridge parishes of Stretham and Wilburton joined forces in 2012 to address the housing crisis affecting their villages. They now provide affordable accommodation to those living and working in the area.
Connect Church UK has been operating for over 80 years in an inner-city area of Birmingham. Its aims throughout this time have been to forge connections within the local community, build supportive relationships and provide a wider sense of belonging.
Faith Hope and Enterprise delivers housing and individually tailored support to 34 people experiencing homelessness around the Derby area. Loans totalling £136,500 from Charity Bank have enabled the charity to purchase two houses.
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.