Bank Accounts Advice Needed

Charity_Trust

We are a charity, run entirely by volunteer Trustees which has around £800k in cash which has built up over the last few years and this is expected to grow a bit over the next few years.

We wish to keep most or all of this in cash, but because of credit risk, we would like to hold no more than £200k with any group of financial institutions. Many only offer accounts for individuals etc. Can anybody suggest a few interest-bearing accounts, suitable for a Charitable Trust and preferably with online access where we could diversify our cash into while still earning an acceptable rate (currently we get 1.0% with instant access)

Ifts

Welcome to MSE

This MSE thread may be of interest to you re suitable accounts for charities:
https://forums.moneysavingexpert.com/discussion/3994851

or this link: https://www.cafonline.org/charity-finance--fundraising/banking/instant-access-savings-account

and also some more ideas in this article:
http://www.telegraph.co.uk/finance/personalfinance/savings/11537294/Where-is-the-best-place-for-our-churchs-30000.html