Charity Bank, founded in 2002, is an ethical bank that lends to charities, social enterprises and other non-profit organisations that intend to use the loan for social or charitable purposes.
Charity Bank, founded in 2002, is an ethical bank that lends to charities, social enterprises and other non-profit organisations that intend to use the loan for social or charitable purposes.
Charity Bank, founded in 2002, is an ethical bank that lends to charities, social enterprises and other non-profit organisations that intend to use the loan for social or charitable purposes.
The bank is also entirely owned by charities and social enterprises and is focused not on making a profit, but on helping charities to secure loans where they have not been able to before, to help savings be invested in an ethical manner and to facilitate social change.
Charity Bank also offers personal banking services; customers opening a personal savings account earn a fair rate of interest, while their money is used to support the work of charities and social enterprises across the UK. Customers can deposit a maximum of £500,000 into this account.
Customers taking out loans with Charity Bank can access the expertise of a manager working in their specific region. On application for a loan, customers are contacted by their nearest regional manager who will then advise on the best way to proceed.
Loans offered by Charity Bank are priced competitively and terms are geared around the lending needs, goals and ethos of the organisation taking it out. Loans are available from £50,000 to £3.5m – if you need a larger amount, Charity Bank may be able to work with other social lenders to help.
Businesses looking to save can open an account with just £10,000. This account is available to limited companies, sole traders and partnerships registered in the UK and with all relevant personnel (directors, signatories, shareholders etc) UK residents. Opening an account is straightforward – complete a short online form and provide a scanned copy of a bank statement.
UK registered charities, trusts and societies have a wider range of options and can open either 1-year fixed rate or 100-day notice savings accounts and can earn higher interest rates depending on their balance.
Eligible deposits of up to £85,000 with Charity Bank are protected by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.
194 High Street
Tonbridge
Kent
TN9 1BE
Telephone: 01732 774040
Email: [email protected]
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