Savings accounts for schools and charities

davemasterson1

Hi, I've trawled the websites for best buy savings accounts - but I can't find anywhere that advises me for the best buy for a registered charity - I'm on the PTA of my sons junior school. Obviously this sort of account needs two signatories - so the typical web based account won't work (I believe).

Can anybody help with a good interest and no or short notice account?

martinman3

I also found out that those financial products comparison websites don't list these kinds of products so these are a couple that I discovered along the way.

Abbey Business Reserve £1-£9999 3.75% £10000-£99999 4.25% (more tiers..)
£50 to open, you can get a cheque book to write up to 5 cheques a month with no charges (more than that and there is a fee). If two or more signatories needed you get Operator cards to deposit cash/cheques at Abbey ATMs and would need to use cheques to withdraw funds.

Yorkshire Building Society Charities Account £100->???? 4.25%
£25 to open, would need to use branches to deposit/withdraw funds, all signatories would need to be present to withdraw.

davemasterson1

Thats a great start - Thanks