Straightforward charity banking, with interest
Created for charities and social purpose enterprises, the CAF Cash Account makes everyday banking simple and pays interest. So you can spend more time on what matters, supporting your beneficiaries.
When you deposit money into your account, it's put to work straight away. The CAF Cash Account pays interest of 0.20% gross1/AER2 (variable3) on your daily credit balances. Interest is credited gross to the account at the end of each quarter.
1Gross means that interest will be paid without any deduction of tax. You are responsible for paying any tax due to HMRC.
2AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
3The interest rate payable may be subject to change in the future.