1 Year Fixed Term Deposit Account
Helping you save for the future
The CAF 1 Year Fixed Term Deposit Account* offers a fixed rate
of interest on funds you're happy to lock away.
Only available to charitable organisations, this account is
provided by Scottish Widows Bank.
- can be opened with a minimum of £10,000, up to
a maximum of £5 million
- pays a fixed rate of interest for the term of
the account – applied gross at the date of maturity
- is available in issues – each issue has a specific start and
maturity date and associated rate of interest
- cannot accept further top-ups after the initial deposit –
additional accounts can be opened if you have further funds you
wish to deposit
Put your money to work:
Financial Services Compensation Scheme
Your eligible deposits with Scottish Widows Bank plc are protected up to a total of £75,000 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: Scottish Widows Bank. Some savings accounts under the Charities Aid Foundation brand name are also deposits with Scottish Widows Bank plc. Any total deposits you hold above the limit between these brands are unlikely to be covered.
Please click How FSCS protects your money for further information or visit www.fscs.org.uk.
You can also refer to our FSCS Information Sheet for more details.
On 1 January 2016 the deposit protection limit is changing from £85,000 to £75,000 for most depositors, including individuals and small companies. From 3 July 2015 the new deposit protection limit of £75,000 applies to eligible deposits of large companies and small local authorities.
*This product is promoted by CAF
Financial Solutions Ltd and provided by Scottish
Widows Bank plc.
All CAF Financial Solution's profits
(after tax) are transferred to CAF and used to benefit the third
sector in accordance with its charitable objectives. This amount
will not affect your own savings balance or the interest payment