CharityBond
Charities have to both anticipate needs and respond to events as they happen. It’s therefore not always easy to predict demands on your funds – so we’ve developed a range of savings solutions to give you a competitive rate of interest, and flexibility in terms of time-frame and access.
Features and benefits
- A range of fixed term 12, 24 and 36-month CharityBonds.
- Competitive interest rates (see table below).
- Interest rate guaranteed for the full term of the CharityBond .
- Minimum deposit just £2,000.
- Maximum deposit £1,000,000.
- No restriction on the number of CharityBonds you can hold (subject to overall deposits with us not exceeding £1,000,000).
- Available only to registered charities.
- Interest on CharityBonds with a term of two or three years will be paid yearly. Interest on CharityBonds for shorter terms will be paid on maturity.
- Withdrawals before the end of the term are not permitted.
A ‘cashback’ donation on every CharityBond
- A ‘cashback’ donation of 0.1% of your deposit (maximum £1,000) for CharityBonds deposited for under two years.
- Donation increases to 0.2% of your deposit (maximum £2,000) for CharityBonds deposited for two years or more.
| Take a look at our rates |
| Fixed term |
Guaranteed interest rate |
| 3 years |
3.65% AER/Gross* |
| 2 years |
3.60% AER/Gross* |
| 1 year |
3.20% AER/Gross* |
Charity FlexiBond
With our Charity FlexiBond, you can withdraw up to 30% of your deposit, with no penalty or loss of interest, by giving us 35 days’ notice.
Features and benefits
- Ability to make up to two withdrawals, totalling up to 30% of your initial deposit, with just 35 days’ notice.
- Interest rate guaranteed for the full term of the Charity FlexiBond (see table below).
- Minimum deposit of £10,000.
- Maximum deposit of £1,000,000.
- No restriction on the number of Charity FlexiBonds you can hold (subject to overall deposits with us not exceeding £1,000,000).
- Available only to registered charities.
A ‘cashback’ donation on your FlexiBond
- A ‘cashback’ donation of 0.1% of your deposit (maximum £1,000).
- Guaranteed fixed rates available now – plus a cash-back donation of up to 0.2% or £2,000.
| 1 year |
3.10% AER / gross* p.a. |
For more information on these products call 0845 850 5555** or if you would like us to contact you, please click here to get in touch.
*AER: AER stands for Annual Equivalent Rate; it illustrates what the interest rate would be if interest were paid and compounded once each year and allows you to easily compare different offers.
Gross: This is the contractual rate of interest payable before the deduction of income tax.
**Lines are open from 9am to 5pm Monday to Friday and from 9.30am to 12.30pm on Saturday. Calls may be recorded for monitoring and training.