Charity Deposit Accounts

Disclaimer: The rates shown are for information purposes only. Although endeavours have been made to provide accurate and timely information, Investment Sense Ltd cannot be held responsible for any errors or omissions of the information supplied.

All rates are subject to change without notice, please check with the bank or building society before investing. With fixed term notice savings accounts you can’t usually withdraw your money until the notice term has ended. Penalties may apply.

Eligible deposits are protected by the Financial Services Compensation Scheme ‘FSCS’ up to a maximum level of £85,000 per person per registered institution.

Find the right account for you:

Instant Access

Business Saver Take 2 - Locals
AER
Minimum Deposit
Type of Account
0.90%
£5,000
Post
Everyday Saver (Issue 2) Expected Profit Rate
AER
Minimum Deposit
Type of Account
0.70%
£500
Internet
Telephone
Branch
Mobile
Community Saver (Issue 1)
AER
Minimum Deposit
Type of Account
0.50%
£1
Internet
Branch
Post
Gross Account For Clubs and Charities based in Cumbria
AER
Minimum Deposit
Type of Account
0.45%
£25
Branch
Post
Charity Instant Access Account
AER
Minimum Deposit
Type of Account
0.35%
£1,000
Internet
Post

7 Day Notice Account

No accounts available

30 Day Notice Account

Community Deposit Maxi Account (1st Issue) Available to clubs, associations and registered charities who are based in Nottinghamshire, Derbyshire or South Yorkshire.
AER
Minimum Deposit
Type of Account
0.70%
£500
Branch
Post
1st Issue Business Saver
AER
Minimum Deposit
Type of Account
0.45%
£100,000+
Branch
0.40%
£50,000+
Post
0.35%
£10,000+
0.30%
£1,000+
1st Issue Club Saver
AER
Minimum Deposit
Type of Account
0.45%
£100,000+
Branch
0.40%
£50,000+
Post
0.35%
£10,000+
0.30%
£1,000+
Education Community Saver 35 (Issue 1)
AER
Minimum Deposit
Type of Account
0.40%
£1,000
Post
Unicorporated 35 Day Notice Account
AER
Minimum Deposit
Type of Account
0.40%
£25,000
Branch
0.20%
£1,000
Post

60 Day Notice Account

60 Day Notice Account Expected profit rate
AER
Minimum Deposit
Type of Account
0.90%
£250
Internet
Telephone
Branch
Mobile
Business 40 Day Notice Account (Issue 1)
AER
Minimum Deposit
Type of Account
0.70%
£5,000
Post
60 Day Notice Account
AER
Minimum Deposit
Type of Account
0.35%
£1,000
Post

90 Day Notice Account

Business 100 Day Notice Account (Issue 3)
AER
Minimum Deposit
Type of Account
1.00%
£5,000
Post
95 Day Business Notice Account
AER
Minimum Deposit
Type of Account
0.65%
£1,000
Post
Charity Accumulator 90 Day Notice Deposit Account
AER
Minimum Deposit
Type of Account
0.60%
£1,000
Internet
Post
Charity 90 (Issue 3)
AER
Minimum Deposit
Type of Account
0.60%
£5,000
Internet
Post
95 Day Business Savings Account (Issue 8)
AER
Minimum Deposit
Type of Account
0.60%
£10,000
Internet
Telephone
Post

6 Month Notice

No accounts available

12 Month Notice Account

12 Month Fixed Rate Saver (Issue 4)
AER
Minimum Deposit
Type of Account
0.45%
£1,000
Post

1 Year Fixed Rate

12 Month Fixed Term Deposit Expected profit rate
AER
Minimum Deposit
Type of Account
1.27%
£5,000
Internet
Telephone
Branch
Mobile
Fixed Rate Deposit
AER
Minimum Deposit
Type of Account
1.05%
£1,000
Branch
Post
Charity 1 Year Bond
AER
Minimum Deposit
Type of Account
1.05%
£5,000
Branch
Post
1 Year Business Bond (Issue 41)
AER
Minimum Deposit
Type of Account
1.00%
£5,000
Internet
Post

2 Year Fixed Rate

Fixed Term Deposit Expected profit rate
AER
Minimum Deposit
Type of Account
1.37%
£5,000
Internet
Telephone
Branch
Mobile
Fixed Rate Deposit
AER
Minimum Deposit
Type of Account
1.20%
£1,000
Branch
Post
2 Year Fixed Rate Business, Trust and Charity Bond
AER
Minimum Deposit
Type of Account
1.20%
£25,000
Post
Charity 2 Year Bond
AER
Minimum Deposit
Type of Account
1.15%
£5,000
Branch
Post
2 Year Business Bond (Issue 34)
AER
Minimum Deposit
Type of Account
1.10%
£5,000
Internet
Post

3 Year Fixed Rate

Fixed Term Deposit Expected profit rate
AER
Minimum Deposit
Type of Account
1.46%
£5,000
Internet
Telephone
Branch
Mobile
Fixed Rate Deposit
AER
Minimum Deposit
Type of Account
1.20%
£1,000
Branch
Post

Charity Deposit Accounts

If you’re a Charity and want to open a Charity deposit account, it’s essential that you shop around. When compared to personal savings accounts, Charity deposit accounts offer lower interest rates and a low number of accounts, making it the more important to research for the best rates.

Our Charity deposit account best buy tables, are independent and 100% unbiased.  The Charity deposit accounts on offer are, instant access, 7 day notice, 30 day notice, 60 day notice, 90 day notice, 6 month notice, 12 month notice, 1 year fixed, 2 year fixed and 3 year fixed rate deposit accounts.

Naturally, the longer your organisation ties up the capital invested in a Charity deposit account, the higher the interest rate. The rate can be boasted further by the amount of money invested in an account. A number of Charity savings accounts use an interest rate tiered structure. Before opening a Charity deposit account, you should consider the type of access you want from the account.

Applicable compensation scheme

The accounts featured in the above table are covered by a number of different compensation schemes.

For banks and building societies who are members of the Financial Services Compensation Scheme (FSCS) you should check whether your charity meets the qualifying criteria. The following information is taken from the FSCS website:

FSCS was set up mainly to assist private individuals, although some smaller businesses are also covered. Larger businesses are generally excluded, although there are some exceptions to this (for example for claims in respect of certain compulsory insurances). Our rules tell us which claims are eligible and form part of the FSA’s Handbook of rules and guidance, under Redress, Compensation.

As an indicative guide only, for the purposes of deposit and investment claims, smaller companies are protected. A smaller company must meet two of the following criteria (as set out in section 247 of the Companies Act 1985 or section 382 of the Companies Act 2006 as applicable):

  • Turnover: not more than £6.5 million
  • Balance sheet total: not more than £3.26 million
  • Total number of employees: not more than 50

The same levels of compensation apply whether the claimant is a private individual, small business, or a small company.

More information about the various compensation schemes can be found by clicking on the links below:

Financial Services Compensation Scheme
Isle of Man’s Depositors’ Compensation Scheme
Guernsey Banking Deposit Compensation Scheme
Eligible Liabilities Guarantee Scheme