The 35 Day Notice Charity Savings Account allows you to earn a higher interest rate than our Instant Access Savings Account because this account requires advance notice of 35 days before you can withdraw any of your money. It’s ideal for charities looking to grow their savings and don’t need immediate access to funds. While you earn interest on your savings, your money will be used to support organisations that deliver positive social impact in the UK.
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if we as a Bank fail to meet our financial obligations. In general, all retail depositors and businesses are covered by Deposit Guarantee Schemes. Exceptions for certain deposits are stated on the website for the Finanacial Services Compensation Scheme.
To open a charity account, download and read the following documents, and send us the completed application form, personal details form for all signatory members and trustees of the charity, and required documents to assess your application. Submit your documents either by email at customer.experience@reliancebankltd.com or by post to “Reliance Bank, Faith House, 23-24 Lovat Lane, London EC3R 8EB”. Do not send us any funds until our team have contacted you to explain how funds can be deposited safely and securely.
How we use your Personal Information?
Reliance Bank uses your personal information to confirm your identity and assess your application when you apply for an account with us. We will only collect, process, and store information about you in accordance with our Privacy Notice. For more details, please read our Privacy Notice.
Rates and information correct at 02/12/2024.
Definitions Explained
1. *AER
AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
2. **Gross rate
Gross rate means that credit interest is paid without income tax being deducted.
A 35 day notice charity savings account requires you to provide a 35 day advance notice to withdraw funds. As a result, notice savings accounts generally offer slightly higher rates than instant access savings accounts. It’s designed for charity use only.
Yes, you can make withdrawals by providing a 35 days’ notice. However, please note that withdrawals are not permitted within the first 35 days of your initial deposit. You can submit withdrawal requests in writing or through our digital banking service. Our team will confirm your withdrawal date in writing.
To open a 35 days notice charity savings account, you will need to submit the following list of documents by email or post.
Please speak with our Customer Experience Team on 020 7398 5400 to get more details on the additional documents to be submitted.
To open the account, you must submit the completed application form, personal details form, and other required documents, either by email at customer.experience@reliancebankltd.com or by post to “Reliance Bank, Faith House, 23-24 Lovat Lane, London EC3R 8EB”.
Do not send us any funds until our team have contacted you to explain how funds can be deposited safely and securely.
Once your account is opened, you will receive your personal login details for digital banking. You will be able to access and view your 35 Day Notice Savings Account details on our Digital Banking portal.
You can do this by contacting our Customer Experience Team on 020 7398 5400.
For further assistance, please reach out to our Customer Experience Team at 020 7398 5400 or email us at customer.experience@reliancebankltd.com.
We are proud to be the bank of The Salvation Army International. Find out more about our shared history.
We are proud to be the bank of The Salvation Army International. Find out more about our shared history.