Savings For Good

Ethical 100-Day Notice Credit Union Account

Support the unsung heroes in your community with our 100-day notice ethical savings account.

Key benefits

Access

Open an account with £1,000.

Flexibility

Add to your savings at any time.

Notice period of 100-days

The more you save, the higher your interest rate.

Social Impact

Your money will be used to support charities and social enterprises.

Summary Box

Payment of interest:

Interest is paid Gross i.e. without tax deducted.

Notice Period:

100 days.

Minimum initial deposit:

£1,000. (If your balance falls below £1,000 we’ll pay you 0.10% Gross/AER).

Maximum deposit:

£500,000.

Withdrawals:

Access your savings (after the 100-day notice period) by electronic transfer or post to your Nominated Account.

Paying money in:

Initial deposit(s) can be made by cheque or electronic transfer from your nominated account only. From the day we confirm your account is open you have 14-calendar days to fund it with one or multiple deposits up to a maximum account balance of £500,000 or in excess of this limit if pre-approved by us. If your account is not funded to the minimum account balance of £1,000 within this period, it will be closed and any funds returned to you. If not fully funded up to the maximum account balance of £500,000 in the 14-calendar day funding period additional credits are permitted and can be made by cheque, electronic transfer, direct debit or standing order from your nominated account up to this limit.

Number of account holders:

Unlimited.

How we calculate interest:

Interest is calculated daily and added to your account quarterly in March, June, September and December and on closure of your account. There is no bonus interest payable.

What would the estimated balance be after 12 months based on deposits of £1,000 and £25,000?

Based on our lower tier attracting an interest rate of 3.14% gross, the balance on a £1,000 deposit after 12 months would be £1,031.77. Based on our upper tier attracting an interest rate of 3.29% gross, the balance on a £25,000 deposit after 12 months would be £25,832.70. The illustrative examples assume no withdrawals, no changes to the managed interest rate over the period and interest is paid and compounded quarterly. (The illustrative examples do not take into account the individual circumstances of a customer)

Can Charity Bank change the interest rate?

The interest rate is managed and may be altered in accordance with Section 9 Changes to interest rates of our Terms for organisations.

Managing your account:

All accounts are operated by post. We can answer any questions directly by email or over the phone. Currently we do not offer online services once your account is open.

Open Door North East

Middlesbrough, England

“Charity Bank is an ethical bank that wants to do good. It felt like a warmer relationship than we’d have with a normal commercial lender.”

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Sutton Housing Society

Sutton, England

“It’s not about numbers on a spreadsheet; it's about genuinely changing people's lives. And that's why it's so great to work with Charity Bank, because they believe that too. We believe the Charity Bank is different to other banks - it doesn’t feel like they’re the lender and we’re the borrower; we’re a team.”

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Whitley Bay Big Local

Whitley Bay, England

“The conversations with Charity Bank were immediately very positive. I’d started conversations with other lenders that didn’t go very far, so it was a huge relief to talk to someone who thought a loan was doable. It was a very positive experience, and everything seemed possible with Charity Bank."

Read Story

Discuss a savings account

Talk to our UK based Savings Team about your needs.

[email protected]
01732 441944

Savings for good

Our ethical savings accounts give you the ability to help create lasting social change. Explore our full range of ethical savings accounts to find right account for you.

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Frequently Asked Questions

Savings Document Library

For the latest Charity Bank savings accounts documents, please click on the button below.

Savings Document Library