Bank account with interest for club (unincorporated association)

JacobLeo21

Hi,

I am the treasurer of a University Society with less than £10k in the bank. I am looking for a bank account with an interest rate - most 'community accounts' or similar have no interest rate. The 'Charity Bank' fits the bill but we don't have enough money to open an account.

Alternatively, a normal savings account that can be opened in the name of the club would be appropriate.

Thanks,
Jacob

wmb194

JacobLeo21 said:

Hi,

I am the treasurer of a University Society with less than £10k in the bank. I am looking for a bank account with an interest rate - most 'community accounts' or similar have no interest rate. The 'Charity Bank' fits the bill but we don't have enough money to open an account.

Alternatively, a normal savings account that can be opened in the name of the club would be appropriate.

Thanks,
Jacob

I know Skipton BS offers something for clubs.

https://www.skipton.co.uk/savings/easy-access/community-saver

ForumUser7

JacobLeo21 said:

Hi,

I am the treasurer of a University Society with less than £10k in the bank. I am looking for a bank account with an interest rate - most 'community accounts' or similar have no interest rate. The 'Charity Bank' fits the bill but we don't have enough money to open an account.

Alternatively, a normal savings account that can be opened in the name of the club would be appropriate.

Thanks,
Jacob

Savings accounts - Change ‘investment amount’ to suit - https://moneyfactscompare.co.uk/business/charity-account/?quick-links-first=false

JacobLeo21

Thanks guys.

oldscrumhalf

Hi.
Newbie here.
I've just become the treasurer of our village table tennis club, and the bank is threatening us with transactions fees, monthly fees etc.
Can anyone recommend a bank for a small club, to take in membership fees by BACS, pay for equipment etc?  The balance rarely rises above £3K. But I can't run it as a personal account, as we would not be eligible for grants, loans etc.  Doesn't need to be interest-bearing.
All suggestions gratefully received (am checking out the Skipton recommendation above).
Thanks

eskbanker

oldscrumhalf said:

Hi.
Newbie here.
I've just become the treasurer of our village table tennis club, and the bank is threatening us with transactions fees, monthly fees etc.
Can anyone recommend a bank for a small club, to take in membership fees by BACS, pay for equipment etc?  The balance rarely rises above £3K. But I can't run it as a personal account, as we would not be eligible for grants, loans etc.  Doesn't need to be interest-bearing.
All suggestions gratefully received (am checking out the Skipton recommendation above).
Thanks

It might have been better to start your own thread on the banking board rather than resuscitating this old one within savings, but there are suggestions for accounts at https://www.moneysavingexpert.com/news/2024/10/lloyds-bank-scotland-treasurers-account-fee/

JacobLeo21

We ended up going for the Metro Bank community account.