Charity Fixed Term Savings Accounts
Enjoy fixed returns on your lump sum deposits when you open a Charity Fixed Term Savings Account. Choose the term that suits your organisation’s goals and lock your funds away for a guaranteed return. Our fixed term savings accounts are specifically designed for charities registered in England and Scotland.
Charity Fixed Term Savings Account Features
- Choose from 6 months, and 1 year to earn fixed interest rates on your charity’s deposits.
- Funds are locked in until the fixed term deposit matures.
- Interest is calculated daily at the applicable interest rate; paid to your account balance at the end of the fixed term.
- Interest is paid gross which means that the rate of interest is payable before any tax is taken off.
- Manage your charity account via Telephone or Online Banking.
- Support from our UK based Customer Experience Team.
Please Note: If you think you would need access to your savings before the fixed term ends, this is probably not the right savings account for you. Please see our other Charity Savings Accounts for more flexible options.
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 Financial Services Compensation Scheme.
Ready to Apply?
Why open a Charity Fixed Term Savings Account?
- Guaranteed return with a fixed interest rate during your chosen term.
- Suitable for charities that do not need immediate access to their funds
- Ideal for charities with a lump sum deposit of up to £2 million.
Open a Charity Fixed Term Savings Account Today*
To open a charity account, download and read the following documents, submit the completed application form, personal details form for all authorised signatory members and directors of the business, and other relevant documents required 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.
*Products are subject to status and eligibility. Terms and conditions apply.
Please Note: 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.
Summary Sheet
What is the Applicable interest rate?
Can Reliance Bank change the Applicable Interest Rate?
No, the Applicable Interest Rate is fixed. It will not change until the account matures at the end of your fixed term.
What would the estimated balance be at the end of the fixed term, based on a £1,000 deposit?
*This calculation is for illustration purposes only.
How do I open and manage an account?
You can apply by downloading an application form from our website. Please complete the form, and then email or post it to us.
You can manage your account online via our digital banking portal or by telephoning our Customer Experience Team on 0207 395 5400.
Can I withdraw my money?
No, you cannot withdraw money from your account during the Fixed Term.
Rates and information correct at 25/03/2025.
Definitions Explained
*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.
Frequently Asked Questions
A charity fixed-term savings account is a type of savings account designed for charities. It allows them to lock away money for a fixed term, earning a fixed interest rate. It’s ideal for charities looking to earn a higher return on their deposits, and do not wish to access their funds during the term.
Our Charity Fixed Term Savings Accounts are only available to charities registered in England or Scotland.
To open a charity savings account, you will need to submit the following list of documents by email or post.
- Completed savings application form.
- Personal details form for all authorised signatories and trustees of the charity.
- Additional documents to support your application.
Please contact our Customer Experience Team on 020 7398 5400 to get more details on the documents to be submitted.
No, we do not allow early closures. The account will mature at the end of the fixed term, after which it is automatically converted into an instant access savings account.
Ready to Apply?
Explore our other Charity Accounts
Need Help?
For further assistance, please reach out to our Customer Experience Team on 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.