Savings accounts no longer available to new customers

Here are the interest rates on our withdrawn savings accounts and issues, no longer offered to new customers. If you already have one of these products, your charity's money continues to earn interest at the published rates. However, you're not able to top up these accounts with additional deposits.

All interest rates displayed are gross[1] / AER[2].

See our current range of savings accounts, to compare the latest rates available for new customers.

Variable rate products

CAF Platinum Account[3]

Type of product: 30 Day Notice Deposit Account
Provider: CAF Bank

Issue / Interest frequency Available from Date withdrawn Interest rate (Gross[1] / AER[2])
Issue 1 / Annual 11 May 2023 For existing customers only 1.45%
Issue 1 / Annual 02 February 2023 For existing customers only 1.35%
Issue 1 / Annual 15 December 2022 For existing customers only 1.15%
Issue 1 / Annual 03 November 2022 For existing customers only 0.95%
Issue 1 / Annual 22 September 2022 For existing customers only 0.65%
Issue 1 / Annual
 4 August 2022 For existing customers only
 0.50%
Issue 1 / Annual 17 June 2022 For existing customers only 0.35%
Issue 1 / Annual 6 May 2022 For existing customers only
 0.25%
Issue 1 / Annual 18 March 2022 For existing customers only
 0.10%
Issue 1 / Annual 4 February 2022 For existing customers only 0.05%
Issue 1 / Annual 27 June 2020 For existing customers only 0.01%
Issue 1 / Annual 1 August 2013
 For existing customers only 0.25%

CAF 60 Day Notice Account

Type of product: 60 Day Notice Deposit Account
Provider: Shawbrook Bank
Distributed by: CAF Financial Solutions Ltd.

Issue / Interest frequency Available from Date withdrawn Interest rate (Gross[1] / AER[2])
Issue 6 / Annual


Issue 6 / Monthly
 16 July 2021
 24 August 2022 0.30% (Balances £1,000 and over)
0.05% (Balances under £1,000)

0.30% (Balances £1,000 and over)
0.05% (Balances under £1,000)
Issue 5 / Annual


Issue 5 / Monthly
 31 March 2021
 15 July 2021 0.21% (Balances £1,000 and over)
0.05% (Balances under £1,000)

0.21% (Balances £1,000 and over)
0.05% (Balances under £1,000)
Issue 4 / Annual


Issue 4 / Monthly
 16 July 2020
 30 March 2021 0.35% (Balances £1,000 and over)
0.05% (Balances under £1,000)

0.35% (Balances £1,000 and over)
0.05% (Balances under £1,000)
Issue 3 / Annual


Issue 3 / Monthly
 26 June 2020
 15 July 2020 0.50% (Balances £1,000 and over)
0.05% (Balances under £1,000)

0.50% (Balances £1,000 and over)
0.05% (Balances under £1,000)
Issue 2 / Annual


Issue 2 / Monthly
 29 March 2019
 25 June 2020 0.90% (Balances £1,000 and over)
0.05% (Balances under £1,000)

0.90% (Balances £1,000 and over)
0.05% (Balances under £1,000)
Issue 1 / Annual


Issue 1 / Monthly
 30 November 2015
 28 March 2019 0.80% (Balances £1,000 and over)
0.05% (Balances under £1,000)

0.80% (Balances £1,000 and over)
0.05% (Balances under £1,000)

CAF 90 Day Notice Account

Type of product: 90 Day Notice Deposit Account
Provider: Scottish Widows Bank
Introduced by: CAF Financial Solutions Ltd.

Issue / Interest frequency Available from Date withdrawn Interest rate (Gross[1] / AER[2])
Issue 1 / Monthly, quarterly or annual  31 May 2023   1.10%
Issue 1 / Monthly, quarterly or annual  27 April 2023 30 May 2023 1.00%
Issue 1 / Monthly, quarterly or annual  24 February 2023 26 April 2023 0.80%
Issue 1 / Monthly, quarterly or annual  01 February 2023 23 February 2023 0.70%
Issue 1 / Monthly, quarterly or annual  29 November 2022 31 January 2023 0.55%
Issue 1 / Monthly, quarterly or annual  14 September 2022 28 November 2022 0.45%
Issue 1 / Monthly, quarterly or annual  14 June 2022 13 September 2022 0.25%
Issue 1 / Monthly, quarterly or annual  12 April 2022 13 June 2022 0.15%
Issue 1 / Monthly, quarterly or annual 25 March 2020 11 April 2022 0.05%
Issue 1 / Monthly, quarterly or annual 31 August 2018
 24 March 2020 0.25%

Fixed rate products

CAF 12 Month Fixed Rate Saver

Type of product: 12 Month Fixed Term Deposit Account
Provider: Shawbrook Bank
Distributed by: CAF Financial Solutions Ltd.

Issue / Interest frequency Available from Date withdrawn Interest rate (Gross[1] / AER[2])
Issue 5 / Annual
Issue 5 / Monthly
 16 July 2021
 24 August 2022
 0.70% / 0.70%
0.70% / 0.70%
Issue 4 / Annual
Issue 4 / Monthly
 31 March 2021
 15 July 2021
 0.45% / 0.45%
0.45% / 0.45%
Issue 3 / Annual
Issue 3 / Monthly
 26 June 2020
 30 March 2021
 0.70% / 0.70%
0.70% / 0.70%
Issue 2 / Annual
Issue 2 / Monthly
 29 March 2019
 25 June 2020
 1.40% / 1.40%
1.39% / 1.40%
Issue 1 / Annual
Issue 1 / Monthly
 28 July 2016
 28 March 2019
 1.30% / 1.30%
1.29% / 1.30%

CAF 1 Year Fixed Term Deposit Account

Type of product: 12 Month Fixed Term Deposit Account
Provider: Scottish Widows Bank
Introduced by: CAF Financial Solutions Ltd.

Issue / Interest frequency Available from Date withdrawn Interest rate (Gross[1] / AER[2])
Issue 138 / Annual 31 January 2023 03 April 2023 0.15%
Issue 137 / Annual 28 November 2022 30 January 2023 0.15%
Issue 136 / Annual 27 September 2022 28 November 2022 0.15%
Issue 135 / Annual 26 July 2022 26 September 2022 0.15%
Issue 134 / Annual 24 May 2022 25 July 2022 0.15%
Issue 133 / Annual 22 March 2022 23 May 2022 0.15%
Issue 132 / Annual 18 January 2022 21 March 2022 0.15%
Issue 131 / Annual 16 November 2021 17 January 2022 0.15%
Issue 130 / Annual 14 September 2021 15 November 2021 0.15%

CAF 12 Month Bond[4]

Type of product: 12 Month Fixed Term Deposit Account
Provider: Principality Building Society
Distributed by: CAF Financial Solutions Ltd.

Issue / Interest frequency Available from Date withdrawn Interest rate (Gross[1] / AER[2])
Issue 9 / Annual 1 July 2014 For existing customers only 1.00%

Footnotes

[1] Gross means that interest will be paid without any deduction of tax. You are responsible for paying any tax due to HMRC.

[2] AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

[3] You can ask to withdraw or close the account with less than 30 days’ notice. If we agree, we will deduct the equivalent of 30 days’ Gross interest on the amount withdrawn. 

[4] You can close your Bond, subject to 180 days' loss of Gross interest, which will be deducted from your Bond before payment is made. This may result in you receiving less back than you originally invested if 180 days’ interest has not accrued.

PROTECTING YOUR MONEY

Your eligible deposits with CAF Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.

Your eligible deposits with Shawbrook Bank Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.

Your eligible deposits with Lloyds Bank plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Lloyds Bank, Mayfair Private Banking, Lloyds Bank Private Banking, WorldWide Service and Scottish Widows Bank. Charities Aid Foundation savings accounts in association with Scottish Widows Bank are also deposits with Lloyds Bank plc. Any total deposits you hold above the limit between these brands are unlikely to be covered.   

Your eligible deposits with Principality Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.

Any deposits you hold above the limit are unlikely to be covered.

For more information on the scheme, view the FSCS leaflet or visit the FSCS website.

FSCS Protecting your money

CAF Bank Limited (CBL) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. CAF Financial Solutions Limited (CFSL) is authorised and regulated by the Financial Conduct Authority. Their registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ (ME19 4TA for CFSL). Registered under number 1837656 and 2771873 respectively. CBL and CFSL are subsidiaries of Charities Aid Foundation (registered charity number 268369).

Shawbrook Bank Limited Registered office Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex CM13 3BE. Registered in England – Company Number 388466. Shawbrook Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Scottish Widows Bank is a trading name of Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales, no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278.

Principality Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, (FRN 155998). Principality Building Society, Principality Buildings, Queen Street, Cardiff, CF10 1UA.