Solutions for Charities

Reserve Account for Charities

A current account for charities that is available to be held in Sterling with up to 30 day-to-day transactions* per calendar month without incurring a transaction fee.

If the account balance goes below the £5,000 minimum required then a charge of £15 per month will apply.

* Day to day transactions on this account are: cheque withdrawals; cash machine withdrawals, cash withdrawals over the counter; Visa Deferred-Debit Card purchases including recurring transactions; Standing  Orders; Direct Debits; bill payments and electronic payments.

Asset 30 Account - Issue Three

An account that offers an enhanced rate of interest on a charity's cash funds, providing that 30 days' notice can be given of each intended withdrawal. The account also allows one penalty free withdrawal per annum providing the balance is over £5,000. As a further benefit, clients can select to have the monthly interest credited to another linked account so that it may be accessed more easily (providing the balance remains above £10,000)

Term Deposit Account

Our Sterling Term Deposit Accounts are designed to provide charity clients with a fixed return on funds of £50,000 and above that can be deposited for an agreed term of between 3 months and 36 months with an interest rate which is fixed on the day of deposit.

Please note that no withdrawals/closures are permitted during the fixed term. However, should there be extenuating circumstances; early withdrawal/closure will be considered, at the complete discretion of Access Capitol Bank Limited. In these instances your account will only be credited with the capital. In the event of the death of the holder of the account, the capital will be repaid with interest earned to date.