Charity Deposit Account

The Charity Deposit Account from Scottish Widows Bank is an account which operates alongside your charity's existing current account.

It's designed specifically for charities with money that could be earning a higher rate of interest in a deposit account.

The Charity Deposit Account offers a competitive rate of interest so your money works harder for you. Here’s a brief summary of just some of the account’s benefits:

• Choice of access - either Instant Transfer or 7-Day Notice
• The interest rate is guaranteed to be no less than 0.25% below Bank of England Base Rate until 31 December 2012
• Operates as a telephone or postal account, linked to your organisation’s existing current account
• Minimum balance only £500
• Telephone access from 8am until 6pm weekdays (from 10am Wednesdays).