Charity Savings

CAF 60 Day Notice Account

With this account, your money’s working for you by earning interest. You only need to give 60 days’ notice to access it.

Download an application form

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Personal giving

From one-off donations to long-term giving, or designing your personal philanthropic strategy, we work together to help you realise your giving ambitions.

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Corporate giving

You have the vision for making a difference. So do we. We help you plan how to give based on your goals.

DISCOVER OUR CORPORATE GIVING SOLUTIONS

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Helping your charity or social enterprise become more resilient.

DISCOVER HOW WE SUPPORT CHARITIES

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Discover the latest insights for donors and charitable organisations to help create a greater impact

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About us

We are a leading charity, working at the centre of the giving world. We help donors to give more impactfully and charities to build their resilience so they can do more of their life-changing work.

Find out more about CAF

CAF 60 Day Notice Account (Issue 8)

We’re dedicated to helping charitable organisations make the most of their funds.

This deposit account is provided by Shawbrook Bank Limited, specialists in savings and lending in the UK, and is part of a range of deposit accounts available through CAF, exclusively for charitable organisations.

Be a smart saver

Earn interest on your surplus balances while you plan how to use it.

Easy transfers in and out

Give 60 days’ notice to transfer your money to a nominated current account.

With Issue 8 of this savings account, you can:

  • earn 3.30% AER1/Gross2
  • access your money by giving 60 days notice
  • start saving with as little as £1,000
  • choose whether the interest is paid into your account or another nominated UK bank account
  • get help from a UK-based Customer Service team
  • know that any profits of CAF Financial Solutions Limited are reinvested into the charity sector

If you are in Issues 1 – 7 you may be receiving a different, and lower, interest rate, however if you wish you can switch to this current Issue 8 by contacting Shawbrook on 0345 266 6611.

 

Summary box

Account name

CAF 60 Day Notice Account - Issue 8

What is the interest rate?
Balance
Annual interest (variable)
Monthly interest (variable)

 

 

 Gross1 rate/AER

 Gross1

AER2

£1,000+

 3.30%

3.25%

3.30%

Less than £1,000

 0.05% Gross1 rate/AER2 (variable)

 

 

  • You can select your interest to be paid monthly or annually on the account.
  • Interest is calculated on your daily balance.
  • Interest can be paid to this account or transferred to your nominated UK account which is identified on your application form. 
Can Shawbrook Bank change the interest rate?

Yes. We can move the interest rate up or down at any time. The Business, Charity and Trust Savings Terms and Conditions explain how and when we will do this.

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  3.30%  £1,033

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 annually.

Interest is calculated on a cleared deposit for a full 12 months and rounded to the nearest pound.

How do I open and manage the account?
  • You can only open an account if you are a UK registered or unregistered charity.
  • For both registered and unregistered charities all trustees/directors must
    be permanent UK residents (excludes Channel Islands, Isle of Man and
    other Crown dependencies) and only liable to pay tax in the UK.
  • We reserve the right to reject any non-UK signatories.
  • All trustees/directors/additional signatories must be 18 or over.
  • You must notify us immediately if any trustee/director circumstance changes and they are no longer a permanent UK resident and/or no longer only liable for UK tax.
  • You can open an account by printing our online application form and posting it to Savings and Investment Services, CAF Financial Solutions Limited, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4TA.
  • The minimum initial deposit is £1,000.
  • The maximum account balance is £10,000,000. Maximum of one account per charitable organisation.
  • You can manage the account by telephone or by post
Can I withdraw money?
  • Yes, you can make withdrawals from this account to your nominated UK account identified on your application form, subject to 60 days’ notice.
  • The minimum withdrawal amount is £1,000

Additional information
  • You can close the account at any time with the required 60 days' notice.
  • There is a 14 day cancellation period from the account opening date during which the account can be closed without any charge.
  • Interest is paid Gross1.

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

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

Download the application pack now

Start making the most of your charity's funds.

Apply now

Key documents

Common questions

  • You can open an account with as little as £1,000.
  • The maximum individual account balance is £10 million.
  • Charitable organisations can open a maximum of one account.

Shawbrook Bank is a specialist UK lending and savings bank founded in 2011 to serve the needs of small and medium businesses and individuals in the UK with a range of lending and savings products.

Further information is available on Shawbrook Bank’s website.

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.

Withdrawals can be made by electronic transfer to your nominated UK bank account, subject to 60 days’ notice.

You can make a withdrawal, in accordance with your Mandate, by writing to Shawbrook Bank Limited, Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex CM13 3BE or by calling 0345 266 6611.

Each year, Shawbrook Bank pays CAF Financial Solutions Ltd (CFSL) a contribution to the equivalent value of up to 0.2% of the value of your deposit. This amount will not affect your own savings balance or the interest payment you receive.

Any surplus CFSL makes (after tax) will be used to benefit the voluntary sector.

 

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Our other products and services

We offer a full range of financial services specifically designed to help charity or not-for-profit organisations. Here are some that may be of interest to you.

12 month fixed rate saver

Provided by Shawbrook Bank Limited, get your money working hard while it's locked away.

Make the most of your funds

Charity deposit platform

Suitable for charities with over £150k to save, our platform gives access to around 90 notice and fixed term accounts.

Find out more

Everyday banking

Manage your charity’s day-to-day banking in a way that suits you.

About CAF Cash


 

Protecting your money

Your eligible deposits held by Shawbrook Bank Limited 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

This product is promoted by CAF Financial Solutions Ltd (CFSL) and provided by Shawbrook Bank Limited.

CAF Financial Solutions Limited (CFSL) is authorised and regulated by the Financial Conduct Authority under registration number 189450. CFSL 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.

Each year Shawbrook Bank Limited will pay CFSL a contribution to the equivalent value of 0.2% of the value of your deposit. All CFSL'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 you receive.

Telephone lines are open Monday to Friday, 9am to 5pm (excluding UK bank holidays). Telephone calls may be monitored or recorded to comply with relevant legislation and for training purposes.