United Bank London offers Charity Savings Accounts developed specifically for the charity sector.
United Bank London will pay all registered charities an exclusive interest rate on all deposits, emphasising its support for the outstanding work that charities undertake.
Charity Saver Account
- Available for registered charities only
- Minimum balance £5,000
- 60 days, 6 months and 1 year Notice Accounts
- We can also provide fixed deposit rates to charities
Interest rates
Registered Charity Savings Accounts
Term |
Gross rate % |
Gross AER % |
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60 days |
Current |
2.60 |
2.60 |
6 months |
Current |
2.15 |
2.15 |
12 months |
Current |
2.65 |
2.65 |
Summary Box |
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Account |
60 Day Notice |
6 Months Notice |
12 Months Notice |
Interest rate (AERs) |
AER illustrates what the interest would be if interest was paid and compounded once each year. |
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Tax Status/Gross Rate |
Interest is payable gross (i.e. without deduction of tax at the lower rate to eligible and to non tax-paying depositors (subject to certification). |
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Withdrawal Arrangements |
One penalty free withdrawal without notice is allowed per 12 months period of up to 20% of the balance of the account. However, a minimum balance of £5000 must still be maintained. Withdrawals in excess of 20% require the full period of notice. |
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Access |
All accounts are accessible by Post or in Branch. Enquiries can be dealt with on the phone, but all withdrawal instructions must be received in writing. |
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Other information |
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Gross Rate |
Interest is payable gross (i.e. without deduction of tax at the lower rate to eligible and to non tax-paying depositors (subject to certification). |
AER (Annual Equivalent Rate) |
AER illustrates what the interest would be if interest was paid and compounded once each year. |
Net Rate |
The rate payable after deduction of lower rate tax (which may be reclaimed by non tax-payers). |
Last Rate Change |
Rates were last changed 05 March 2009. |
Tax Status |
Basic Rate tax will normally be deducted at source from Interest credited to the accounts of private individuals who are residents of the Country. If the account holder(s) is a resident and qualifies to receive interest Gross, then a form R85 is required. If the account holder(s) is a non- resident, then a form R105 is required. |
Access |
All accounts are accessible by Post or in Branch. Enquiries can be dealt with on the phone, but all withdrawal instructions must be received in writing. |
Terms & Conditions |
Subject to terms and conditions and offers can be withdrawn at any time. |
For further information, please contact |
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Regulating Bodies |
Authorised and regulated by the Banking Regulation and Supervision Agency. Subscribes to the Banking Code and the Business Banking Code. |
