Help sought in finding Term Deposits for a Charity

meunier

I run a small charity with a capital reserve of about £200K that is coming due in two months after several years. I have been charged by the Trustees to invest four lots of £50k into FSCS protected term deposits which are open to Charities. We already have money in CAF and (through them) a short term deposit bond with Birmingham Midlands. We use the interest as income to help support the work of the charity. Can anyone please suggest where I might go for the other four term deposits? I haven't a clue what to do and please believe that I have been looking. Any suggestions would be greatly appreciated. Much, much thanks. :beer:
Cheers

Gertie_Walker

With this amount to invest you should be taking independent financial advice.

heretolearn_2

Yes, trustees are required by the Charity Commission to take advice on investments from an appropriate/qualified person, if there isn't a trustee with relevant experience. Asking on a forum doesn't count.

meunier

Thank you for your advice. I will seek out such advice. We had taken such once previously on recommendation, but I fear it worked out very badly.

meunier

I should say that the trustee who asked that this be undertaken is an accredited auditor herself and was previously Head of Trading for a major European bank. (I don't know if that is sufficient qualification. Again, grateful for your kind advice.)

Savvy_Sue

I'd suggest asking the Independent Examiners what would constitute independent financial advice and where to look for it.