Best current interest rate for a charity account

BestInterest

Hallo All. Please could someone suggest where the charity I am involved in can get the highest rate of interest. We want to save some for later projects, while keeping some that we can use straightaway. At present we have a charity account with Leeds offering 2% with no notice of withdrawal needed.

Mark_d

2% sounds like a good deal to me

wmb194

BestInterest said:

Hallo All. Please could someone suggest where the charity I am involved in can get the highest rate of interest. We want to save some for later projects, while keeping some that we can use straightaway. At present we have a charity account with Leeds offering 2% with no notice of withdrawal needed.

MoneyFacts has a page for charity savings accounts:

https://moneyfactscompare.co.uk/business/charity-account/

aroominyork

Have you looked at CAF? https://www.cafonline.org/services-for-charities/charity-banking-investments/savings

Cold_comfort

wmb194's moneyfacts link is really useful.

Best rates over the last couple of years have consistently been from
- Cambridge & Counties for term deposits (eg fixed 4.6% for 6 months, min £10k)
- United Trust Bank for term deposits and notice accounts (eg currently 4.5% for 180 day notice, min 5k)
- Saffron Building Society Community Saver for instant access (currently 3.85%, min £1).

Beware the application process for charities can be rather tortuous.