Savings

Whether you're a charity or a limited company, one of our accounts should suit your needs.

We have two different types of accounts for investments made by charities or other similar bodies.

Clubs and Charities Share Account

• You can open this instant access account with a minimum of £100 and up to a maximum of £1,000,000;
• Specifically designed for investments made by, or on behalf of unincorporated associations such as Clubs, Societies or Charities and operated with a minimum of two signatories;
• The first named person on the account will become eligible for Membership Reward, which pays you bonuses for every year you stay with us, subject to scheme rules;
• Interest can be paid gross, if you qualify for the Inland Revenue conditions, or net if you don't.

	Annual Interest

	Minimum Balance		AER*		Gross*		Net*
	£25,000+		3.50%		3.50%		2.80%
	£10,000		3.05%		3.05%		2.44%
	£100		1.95%		1.95%		1.56%

		The above variable rates are effective from 2 May 2008. Exclusively available to unincorporated organisations (e.g. clubs & charities).

Gross Interest Deposit Account

• You can open this instant access account with a minimum of £100 and up to a maximum of £1,000,000;
• Specifically designed for investments made by charities or other similar bodies, which are incorporated bodies e.g. are 'limited' by shares or guarantee;
• Interest is paid gross, subject to Inland Revenue conditions and completion of the Gross Interest Declaration form;
• Benefit from tiered interest rates, so the more you save, the more interest you'll earn.

	Annual Interest

	Minimum Balance		AER*		Gross*
	£25,000+		3.50%		3.50%
	£10,000		3.05%		3.05%
	£100		1.95%		1.95%

		The above variable rates are effective from 2 May 2008. Exclusively available to clubs or charities which are incorporated bodies (i.e. have 'LTD' after their names).

Please note that we do not allow other Limited Companies or Partnerships to open either of these Accounts.

Important Information
Before applying for your account, don't forget to read the Terms and Conditions (including the amendment detailed below) and the Important Legal Information, which includes information regarding cancellation rights.

Amendment to the terms and conditions
Following your feedback, from 1 July 2008 we will no longer be writing to you everytime the interest rate of this account is changed. Please see full details.

*For an explanation of terms used such as AER, Gross and Net, please see our glossary.

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