MARKET LEADING INTEREST RATES BOOSTED ON TWO DEPOSIT ACCOUNTS FOR CHARITIES
29 March 2019
The Charities Aid Foundation (CAF) has launched two new product issues and increased the rates on two of their deposit accounts to provide even greater value for charities. One of the rates is market leading and both are exclusive to charities.
The 60 Day Notice account and 12 Month Fixed Rate Saver account are provided in partnership with Shawbrook Bank, and have changed so that:
- The 12 Month Fixed Rate Saver account’s annual rate of interest increases from 1.30% to 1.40%
- The 60 Day Notice account’s annual rate of interest increases from 0.80% to 0.90%
The 12 Month Fixed Rate Saver account is now the joint highest rate for that term which is available to charities only, and the 60 Day Notice account is a market leading rate in the same sector at this term. The rate changes come into effect on Friday 29th March.
Bridgit Richards, Director of Product & Marketing at CAF comments:
“We’re thrilled to enhance the offering that our charity customers receive for both of these accounts. As a result, charities opening a new issue of either the 12 Month Fixed Rate Saver or 60 Day Notice Account will now receive greater long term returns on their deposits with us.
“In the historically low interest rate environment, we are very keen to provide competitive deposit options for charities, irrespective of whether they’re investing smaller or more significant amounts.”
Notes to editors
CAF is one of Europe’s largest charitable foundations, and for over 90 years has helped donors, companies, charities and social organisations make a bigger impact. It exists to make giving go further, so that more lives and communities around the world can be transformed. We are CAF and we make giving count.
This product is promoted by CAF Financial Solutions Ltd (CFSL) and provided by Shawbrook Bank Limited.
CFSL is authorised and regulated by the Financial Conduct Authority. Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4TA. Registered under number 2771873. CFSL is a subsidiary 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.