Accounts for charities and clubs

Charities are getting a rough deal in terms of interest

Moneyfacts Business Account finder will help you browse through a list of available accounts and compare rates of interest.

The following accounts offer good rates of interest for charities and clubs as of Friday 28 June 2002.

AMC Bank - HICA

Open to Charities and Clubs
Minimum deposit: £5000 pounds
Current interest rate: 3.625%
No notice rate: 3.67%
Minimum withdrawal: £200 pounds
Cheque book

COIF Charity Funds - COIF Charities Deposit

Open to charities
Minimum deposit: £1 pound
Current interest rate: 3.75%
No notice rate: 3.80%
COIF contact number: 020 7065 7120

Cafcash Ltd - CAF Gold

Open to charities
Minimum deposit: £1000 pounds
Current interest rate: 3.46%
£2 million interest rate: 3.56%
No notice rate: 3.51%
Charges

Investec bank (UK) - Direct Reserve

Open to charities and clubs
Minimum deposit: £25,000 pounds
Current interest rate begins at: 3.55%
One month notice to withdraw
Maximum investment £1 million pounds

Julian Hodge Bank- Eight Day Notice

Open to charities and clubs
Minimum deposit: £1,000 pounds
Current interest rate begins at: 2.02%
Eight days notice required to withdraw

Julian Hodge Bank- Extra High Interest

Open to charities and clubs
Minimum deposit: £1,000 pounds
Current interest rate begins at: 2.53%
Three months notice required to withdraw

Leopold Joseph - Money Manager 100 day

Open to charities and clubs
Minimum deposit: £10,000 pounds
Current interest rate: 3.60%
100 days notice required to withdraw

Leopold Joseph - Money Manager 40 day

Open to charities and clubs
Minimum deposit: £10,000 pounds
Current interest rate: 3.56%
40 days notice required to withdraw

Scottish Widows Bank - Treasury 60 day

Open to charities and clubs
Minimum deposit: £1,000 pounds
Current interest rate: 3.75%
60 days notice required to withdraw
Minimum withdrawal £100
Maximum investment £5 million pounds

Scottish Widows Bank - Treasury Call

Open to charities and clubs
Minimum deposit: £1,000 pounds
Current interest rate begins at: 3.50%
No notice required to withdraw
Minimum withdrawal £100
Maximum investment £5 million pounds

Yorkshire Bank

Current interest rate: 3.25% on all balances

Nottingham Building Society - Charity Deposit Account

Current interest rate: 2.90% on balance of £1
3.30% interest on balance over £50,000
3.75% interest on balance of £100,000
No notice required to withdraw