where have club accounts gone

canal2

I am member of small private boat club we have a emergency fund which up to 2011 was in bank club account we have been informed this type of account is closed and they have transferred our fund to a 0.1% currant account. we would like a savings option what pays better and would like to use the clubs name instead of a members name. Anybody help out.:(

thenudeone

http://www.scottishwidows.co.uk/bank/savings/club_association_intro.html
pays 1.25% on balances over £500. Not brilliant but much better than what you'll get on a "business" current account.

jennifernil

Yes, I would agree they are a better option, we are going to open an account with them.

canal2

thank you for scot widow info have been in contact with them canal2

GlamGirlie

HSBC offers a community a/c, don't know what rates are but it is specifically for clubs/societies.

spenderdave

HSBC community account pays no interest (unless you have around £10,000 in it...