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Club and charity savings accounts don’t tend to have interest rates that are as high as those available for your personal savings. So it’s even more important to shop around for the best home for your funds. The results below show the appropriate savings accounts only and these do not have current account capability and can help you to find the best account for your club or registered charity’s hard-won money. If you would like more information on charity and club accounts read our guide below.

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Charity Bank Logo
Charity Bank Ethical 3 Year Charity, Trust & Unincorp Assoc FSCS logo
FSCS logo
AER
2.10%
Notice / Term
3 Year Bond
Deposit
£10,000
Interest Paid
Anniversary
Go To Provider's Site
Rates
Access
Application Criteria
Information
Additional Information

Rates

Rate 2.10% paid at £10K
AER 2.10% paid at £10K
Interest Payment Interest must be compounded
Min Opening Amount £10,000
Maximum Investment £500,000
Introductory Bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note N/A
Further Additions Allowed

Application Criteria

Minimum Turnover N/A
Maximum Turnover N/A
Available To
Not for profit organization

Information

Min Age N/A
Max Age N/A
Taxation -

Additional Information

N/A
Nationwide BS Logo
Nationwide BS Business 5 Year Saver - Issue 2 FSCS logo
FSCS logo
AER
1.60%
Notice / Term
5 Year Bond
Deposit
£5,000
Interest Paid
Anniversary
Go To Provider's Site
Rates
Access
Application Criteria
Information
Additional Information

Rates

Rate 1.60% paid at £5K
AER 1.60% paid at £5K
Interest Payment Interest must be compounded
Min Opening Amount £5,000
Maximum Investment £10,000,000
Introductory Bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note N/A
Further Additions Allowed

Application Criteria

Minimum Turnover N/A
Maximum Turnover £45,000,000
Available To
Limited Company
Limited Liability Partnership
Not for profit organization
Partnership
Sole Trader

Information

Min Age N/A
Max Age N/A
Taxation -

Additional Information

N/A
Moneycorp Bank Logo
Moneycorp Bank 90 Day Notice Account Issue 1 Depositor Protection logo
Depositor Protection logo
AER
1.31%
Notice / Term
90 Day
Deposit
£10,000
Interest Paid
Monthly
Go To Provider's Site
Rates
Access
Application Criteria
Information
Additional Information

Rates

Rate 1.30% paid at £10K
AER 1.31% paid at £10K
Interest Payment Interest must be compounded
Min Opening Amount £10,000
Maximum Investment £1,000,000
Introductory Bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note N/A
Further Additions Allowed

Application Criteria

Minimum Turnover N/A
Maximum Turnover N/A
Available To
Limited Company
Limited Liability Partnership
Not for profit organization
Partnership
Public Limited Company
Sole Trader

Information

Min Age N/A
Max Age N/A
Taxation -

Additional Information

N/A
Charity Bank Logo
Charity Bank Ethical 1 Year Charity, Trust & Unincorp Assoc FSCS logo
FSCS logo
AER
1.30%
Notice / Term
1 Year Bond
Deposit
£10,000
Interest Paid
Anniversary
Go To Provider's Site
Rates
Access
Application Criteria
Information
Additional Information

Rates

Rate 1.30% paid at £10K
AER 1.30% paid at £10K
Interest Payment Interest must be compounded
Min Opening Amount £10,000
Maximum Investment £500,000
Introductory Bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note N/A
Further Additions Allowed

Application Criteria

Minimum Turnover N/A
Maximum Turnover N/A
Available To
Not for profit organization

Information

Min Age N/A
Max Age N/A
Taxation -

Additional Information

N/A
Nationwide BS Logo
Nationwide BS Business 3 Year Saver - Issue 2 FSCS logo
FSCS logo
AER
1.30%
Notice / Term
3 Year Bond
Deposit
£5,000
Interest Paid
Anniversary
Go To Provider's Site
Rates
Access
Application Criteria
Information
Additional Information

Rates

Rate 1.30% paid at £5K
AER 1.30% paid at £5K
Interest Payment Interest must be compounded
Min Opening Amount £5,000
Maximum Investment £10,000,000
Introductory Bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note N/A
Further Additions Allowed

Application Criteria

Minimum Turnover N/A
Maximum Turnover £45,000,000
Available To
Limited Company
Limited Liability Partnership
Not for profit organization
Partnership
Sole Trader

Information

Min Age N/A
Max Age N/A
Taxation -

Additional Information

N/A
Nationwide BS Logo
Nationwide BS Business 125 Day Saver - Issue 1 FSCS logo
FSCS logo
AER
1.21%
Notice / Term
125 Day
Deposit
£5,000
Interest Paid
Monthly
Go To Provider's Site
Rates
Access
Application Criteria
Information
Additional Information

Rates

Rate 1.20% paid at £5K
AER 1.21% paid at £5K
Interest Payment Interest can be paid away or compounded
Min Opening Amount £5,000
Maximum Investment £10,000,000
Introductory Bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note N/A
Further Additions Allowed

Application Criteria

Minimum Turnover N/A
Maximum Turnover £45,000,000
Available To
Limited Company
Limited Liability Partnership
Not for profit organization
Partnership
Sole Trader

Information

Min Age N/A
Max Age N/A
Taxation -

Additional Information

N/A
Nationwide BS Logo
Nationwide BS Business 1 Year Saver - Issue 14 FSCS logo
FSCS logo
AER
1.10%
Notice / Term
1 Year Bond
Deposit
£5,000
Interest Paid
On Maturity
Go To Provider's Site
Rates
Access
Application Criteria
Information
Additional Information

Rates

Rate 1.10% paid at £5K
AER 1.10% paid at £5K
Interest Payment Interest must be compounded
Min Opening Amount £5,000
Maximum Investment £10,000,000
Introductory Bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note N/A
Further Additions Allowed

Application Criteria

Minimum Turnover N/A
Maximum Turnover £45,000,000
Available To
Limited Company
Limited Liability Partnership
Not for profit organization
Partnership
Sole Trader

Information

Min Age N/A
Max Age N/A
Taxation -

Additional Information

N/A
Nationwide BS Logo
Nationwide BS Business 95 Day Saver - Issue 7 FSCS logo
FSCS logo
AER
1.06%
Notice / Term
95 Day
Deposit
£5,000
Interest Paid
Monthly
Go To Provider's Site
Rates
Access
Application Criteria
Information
Additional Information

Rates

Rate 1.05% paid at £5K
AER 1.06% paid at £5K
Interest Payment Interest can be paid away or compounded
Min Opening Amount £5,000
Maximum Investment £10,000,000
Introductory Bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note N/A
Further Additions Allowed

Application Criteria

Minimum Turnover N/A
Maximum Turnover £45,000,000
Available To
Limited Company
Limited Liability Partnership
Not for profit organization
Partnership
Sole Trader

Information

Min Age N/A
Max Age N/A
Taxation -

Additional Information

N/A
Nationwide BS Logo
Nationwide BS Business 45 Day Saver - Issue 1 FSCS logo
FSCS logo
AER
0.80%
Notice / Term
45 Day
Deposit
£5,000
Interest Paid
Monthly
Go To Provider's Site
Rates
Access
Application Criteria
Information
Additional Information

Rates

Rate 0.80% paid at £5K
AER 0.80% paid at £5K
Interest Payment Interest can be paid away or compounded
Min Opening Amount £5,000
Maximum Investment £10,000,000
Introductory Bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note N/A
Further Additions Allowed

Application Criteria

Minimum Turnover N/A
Maximum Turnover £45,000,000
Available To
Limited Company
Limited Liability Partnership
Not for profit organization
Partnership
Sole Trader

Information

Min Age N/A
Max Age N/A
Taxation -

Additional Information

N/A
Charity Bank Logo
Charity Bank Ethical Easy Access Charity Account FSCS logo
FSCS logo
AER
0.75%
Notice / Term
None
Deposit
£10,000
Interest Paid
Quarterly
Go To Provider's Site
Rates
Access
Application Criteria
Information
Additional Information

Rates

Rate 0.75% paid at £10K
AER 0.75% paid at £10K
Interest Payment Interest must be compounded
Min Opening Amount £10,000
Maximum Investment £500,000
Introductory Bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note N/A
Further Additions Allowed

Application Criteria

Minimum Turnover N/A
Maximum Turnover N/A
Available To
Limited Company
Not for profit organization

Information

Min Age N/A
Max Age N/A
Taxation -

Additional Information

N/A
Note

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.

Disclaimer

All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

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Charity and club accounts

nigel woollsey

Nigel Woollsey

Online Writer
Published: 06/03/2019

At a glance

  • Higher savings balances can earn better rates of interest.
  • Fixed savings bonds and notice accounts can offer higher interest rates for money your charity doesn’t need short term access to.

Charity and club accounts explained

Probably the first and most important consideration is how much access your organisation will need to the money. Will it be needed at a set date? Or will you potentially need to access funds at short or no notice?

As with regular savings accounts, the longer your charity or club can afford to not have access to its money, the higher the rate of interest you may be able to earn.

Interest rates can also be improved with a higher savings balance. Often charity savings accounts offer higher rates, the more money you have invested in the account.

Depositor protection for charities

Charity and club savings accounts may fall under the protection of the FSCS. Whether your charity or club is eligible will depend on how it is constituted (it’s not enough for a charity to be registered).

If your charity is constituted as an unincorporated association, it would be eligible for compensation if the deposit taker fails. If it is a limited company, it would be covered if it meets the following:

  • A Partnership
  • A Limited Company
  • Unincorporated Association or mutual association 
  • An annual turnover of less than £1 million

Moneyfacts tip

Moneyfacts tip nigel woollsey

The FSCS protects the first £75,000 an eligible charity or club has held under a single UK banking licence. Some banks and building societies share a licence, so it’s best to spread money between institutions to make sure it’s protected.

group of people in volunteer t-shirts

At a glance

  • Higher savings balances can earn better rates of interest.
  • Fixed savings bonds and notice accounts can offer higher interest rates for money your charity doesn’t need short term access to.

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