Home CAF Bank Savings account

CAF BANK

CAF Gold Account

Set your money aside until you need it. Then it’s available when you do.

Welcome to CAF Bank

The bank dedicated to supporting charities and social purpose enterprises. So we understand what you need.

Current account Savings Loans Security centre Help About us

An instant access savings account, making your money work harder

Setting money aside for bigger projects, long-term goals or those ‘just in case’ moments is something many charities do.

Our CAF Gold Savings Account gives you immediate access to your money and currently pays interest at 2.30% Gross/2.32% AER* (variable). This is calculated daily based on your account’s balance, then paid directly into it quarterly.

*Gross means that interest will be paid without tax deducted. You are responsible for paying any tax due to HMRC. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and compounded quarterly. The interest rate payable will change in the future. See below and section 20 of our Terms and Conditions for more information.

Start saving with us

Ready to open a CAF Gold Savings Account?

Application pack for new customers

Application pack for existing customers

Is the CAF Gold Savings Account right for you?

It could be if you:

Are a charity or social enterprise
Want instant access to savings with no limits
Want to earn interest on your surplus funds

You’ll need to have a CAF Cash Account to apply for a CAF Gold Savings Account.

Need a CAF Cash Account? >

Compare other savings accounts >
*Provided by CAF Bank and CAF Financial Solutions Limited's carefully selected partners

Manage your money easily

Online

Our online banking is ready when you are, with dual authorisation to keep your funds secure.

Over the counter

Deposit over the counter at any Post Office, HSBC branches or RBS branches depending on the clearing bank you have chosen for your account.

On the phone

Our UK-based customer service team are ready to help you Monday to Friday, 9am - 5pm (excluding English bank holiday).

Why choose CAF Bank

14,000 customers

We support over 14,000 charities and social purpose enterprises with dedicated banking services.

Highly-rated customer service

We ranked joint first for overall customer satisfaction in the 2024 Charity Banking Survey.

£1.5 billion deposits

Our customers entrust us with £1.5 billion in deposits (as at 30 April 2023).

A green bank

We were named among the greenest UK banks by environmental organisation Bank.Green in 2024.

Sector knowledge

We were rated first for sector knowledge in the 2024 Charity Banking Survey.

Helping you safeguard your funds

We're committed to helping you keep your money safe, through a range of measures and tools.

Protecting your money

Your eligible deposits held by CAF Bank 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.

Please view the FSCS leaflet for further information or visit the FSCS website.

Read these before you apply

Current interest rates - Rates will change from 30 October 2024

CAF Bank Tariff (previously Tariff of Charges)

General Terms and Conditions - Effective from 6 December 2024

General Terms and Conditions - Intended to take effect from 10 February 2025

Summary of Changes - Effective from 6 December 2024

Summary of Changes - Intended to take effect from 10 February 2025

CAF Gold Account Terms - Effective from 6 December 2024

CAF Gold Account Terms - Intended to take effect from 10 February 2025

Regulatory information

CAF Gold Account - Summary box

What is the interest rate?

Balance

£0+

Quarterly Interest (Variable)

Gross1	AER2
Until 19 January 2025: 2.30%	Until 19 January 2025: 2.32%
From 20 January 2025: 2.15%	From 20 January 2025: 2.17%

Interest is calculated on your daily balance.
Interest is paid quarterly to this account.

Can CAF Bank change the interest rate?

Yes, we can change the interest rate at any time. We will currently notify you of any change that does not benefit you 14 days before the change is made. For more information, please see section 20 of our General Terms and Conditions.

What would the estimated balance be after 12 months based on a £1,000 deposit?

An illustration of the future balance is shown below.

Initial deposit	Gross Rate1 / AER2	Balance at 12 months
£1,000.00	Until 19 January 2025: 2.30% / 2.32%	£1,023.20
£1,000.00	From 20 January 2025: 2.15% / 2.17%	£1,021.67

This is an illustrative example assuming that:

You don’t withdraw or deposit any additional money.
The interest rate stays the same and is paid quarterly.
Interest is calculated on a cleared deposit for a full 12 months.

How do I open and manage an account?

You can open an account by printing our online application form and posting it to CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ.
The product is only available to charitable and not-for-profit organisations.
No minimum initial deposit required.
There is no minimum account balance.
You can manage the account by telephone, online or by post.

Can I withdraw money?

Yes, you can make withdrawals from this account to your CAF Cash account.

Additional information

You can close this account at any time without any charge
If your sort code starts with 40, you can deposit cash or cheques through any counter-service branch of HSBC in the UK. If your sort code starts with 83, you can deposit cash or cheques through any counter-service branch of RBS in the UK. For both HSBC and RBS sort codes, you can use the Post Office counter-service to deposit cash or cheques in the UK.
Interest is paid Gross.
Please read this summary in conjunction with the CAF Bank General Terms and Conditions and the CAF Gold Account - Account Terms.

What we mean when we say...

1Gross - An interest rate with no tax deducted. Remember it's up to you to pay any tax due to HMRC.

2AER - Annual Equivalent Rate (of interest). That's the interest calculated as if it were added just once each year. It's how you compare interest rates on savings accounts.

Protecting your money

This product is provided by CAF Bank Ltd.

CAF Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 204451).

CAF Bank Limited Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ. Registered in England and Wales under number 1837656.