Charity Tracker
Rate guaranteed to be 1.00% above BoE base rate until 31 December 2010
Perfect for charities saving for a long term goal, this account offers an attractive rate of interest.
| Summary Box Key Product Information for our Savings Accounts |
|
|---|---|
| Account name | Charity Tracker |
| Interest rates (AERs) | 1.50% variable |
| Tax status | Interest is paid net of tax, except in certain account types where it can be paid gross. Please enquire for details |
| Conditions for bonus payment | There is no bonus payment for this account |
| Withdrawal arrangements | 90 days notice is required for a withdrawal or immediate access at the loss of 90 days interest (You will incur an interest penalty equivalent to 90 days interest, to be deducted from the capital sum if necessary) |
| Access | Access is via post, or one of our branches |
- Open with a minimum of £500
- Maximum investment £1,000,000
- Specially designed for charities
- Interest rate guaranteed to be 1.00% above BoE base rate until 31 December 2010*
- Interest is paid annually on 31 December and credited directly to your account
*Following a change in the Bank of England base rate, our accounts linked to this rate will change within 28 days
current rates | previous rates
| Minimum investment | Maximum investment | Gross p.a. / aer % | Net p.a. % (after deduction of basic rate tax) |
| £500 | £1,000,000 | 1.50 | 1.20 |
current rates valid from 1 February 2010
| Minimum investment | Maximum investment | Gross p.a. / aer % | Net p.a. % (after deduction of basic rate tax) |
| £500 | £1,000,000 | 0.50 | 0.40 |
previous rates valid from 1 January 2010 to 31 January 2010
Identification for Charity tracker
- Charities
- The Constitution of the Charity
- A written authority signed by all officials approving the opening of the account
- Identity and address verification (one document from each list in our proof of identity section - click here to view) of the person(s) authorised to operate the account
- Charity number
