Key Features

• Variable interest rate of 2.35% gross* p.a./AER**
• Available to small groups and charities
• The minimum amount to open a Treasurers' Deposit account is £25
• The maximum investment is £500,000
• No-notice withdrawals
• View your account and send secure messages via our online service (restrictions apply)
• Deposits can be made via bank transfer, Direct Debit or by cheque through the post
• You can also save monthly by Direct Debit or standing order
• Interest payable on 31 December
• Statements issued annually in January
• Limited to one account per group/charity
• This Deposit account has no voting rights

*Gross is the interest rate without tax deducted.

**AER stands for Annual Equivalent Rate and provides a means of comparing interest rates by showing what the rate would be if interest was paid and added once a year.