Where to put sports clubs surplus cash?

I've recently taken over as treasurer of a local sports club, and we're in a very privileged position that we have a 5 figure surplus of funds that we don't really need to access.  It's currently earning us 0.75% in interest and I'd like it to work a lot harder.

Anyone any experience of products that a re available for non-profits/charities/community clubs etc. that can at least get 4% return?

Comments

  • This is probably a good place to start

    https://moneyfactscompare.co.uk/business/charity-account/
  • Dugal
    Dugal Posts: 9 Forumite
    First Post
    The club I am treasurer of bank with Nat West and have our surplus funds split between their instant access account paying 1.35% and the 95 day notice Liquidity Manager account currently paying 3.75% (but3.49% from 29/1/24).
  • I run a golf society, have done for 25 years now. The society "pot" is in an account in my name with CHASE, therefore I can get whatever is available, including the "free" £15 each month on spending (future events). Now we're out of season, I currently have £4000 of society money earning 6% in Santander. I guess its a case of finding someone you have complete trust in or maybe two members with a joint account? I have ALL my personal money in ISA's so tax is not a problem.
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