Charity Giving Personal Savings Account
A truly unique way to save and give to charity.
Open a Charity Giving Personal Savings Account and grow your savings while supporting the charity. For every account opened, we will pay a percentage of the advertised interest rate to The Salvation Army. The percentage paid to The Salvation Army will differ according to the account you choose. Start saving today and make a difference with your money. Give Money Meaning.
Compare our Charity Giving Personal Savings Accounts
*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.
How to apply for a Charity Giving Personal Savings Account?
Download the application form and indicate the product you want to open in your application form.
Complete the application form and provide the details as requested.
Send us the application form (by post or email) with the relevant documents (see the "Open a Charity Giving Savings Account" section).
Once received, our team will review your application and will confirm the next steps.
Features and Benefits of Charity Giving Savings Account
Charity Giving Fixed Term Savings Account
- You cannot withdraw funds until the fixed term account matures.
- Interest on a Fixed Term Account is calculated daily and paid at the end of the fixed term.
- Access your savings account via telephone or online banking.
Charity Giving Notice Savings Account
- You can make unlimited withdrawals by giving either 35 days or 90 days' advance notice. Choose the notice account that suits you when filling out your application form.
- Interest on a Notice Account is calculated daily and is paid into the Account on the last calendar day of each quarter.
- Access your savings account via telephone or online banking.
Charity Giving Instant Access Savings Account
- Withdraw your money anytime without any restrictions. Great way to build your savings with lump sums or regular payments.
- Interest on an Instant Access is calculated daily and is paid into the Account on the last calendar day of each quarter.
- Access your savings account via telephone or online banking.
Open a Charity Giving Personal Savings Account
Please read these important documents before you apply for a charity giving personal savings account.
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.
How your savings make a difference?
The interest paid from Reliance Bank’s new savings account will play a crucial role in supporting The Salvation Army’s impactful work in the UK.
These contributions will enable the organisation to provide essential services to people. These include support for homelessness and job training, debt advice, emergency relief, and community outreach. This work will empower individuals and families to rebuild their lives and succeed.
By saving with Reliance Bank, customers can make a meaningful difference in their community through the transformative work of The Salvation Army.
Why choose Reliance Bank?
We outperform high street banks for customer satisfactions!
We've supported Charities and Businesses over 134 years.
Reliance bank is proud of its shareholder "The Salvation Army" International.
What our customers say about us?
Rock UK Adventure Centres
Reach Church
Gordon Moody
Ethical Banking
Reliance Bank aligns its lending practices to the United Nations’ Sustainable Development Goals (SDGs). It’s a global framework for achieving a better and more sustainable future.
We support charitable and ethical causes who might find it hard to borrow funds for their projects. For example, our clients include:
- Food banks
- Health and social care
- Affordable housing projects
- Community centers that help people affected by gambling-related harm.
When you open a business savings account, we use your deposits to provide loans to organisations, charities, and social enterprises that deliver positive social impact in the UK. We call it Giving Money Meaning.
The 17 Sustainable Development Goals are a blueprint for governments, businesses and societies around the world to help reduce poverty, protect the planet’s future and improve the lives of everyone.
Read our Social Impact Report to find out more about the results of our work.
See our other personal savings accounts
Get in touch with us
If you need any help, contact our team on 020 7398 5400 or email at customer.experience@reliancebanktld.com.
Frequently asked questions
At Reliance bank, you can open a savings account by downloading the application form. Select the product that best suits your needs and let us know your choice in the application form.
Make sure you provide us the relevant KYC documents for verification. For detailed information, please go to the “Open a Charity Giving Personal Savings Account” section on this page. If you have any questions, contact our Customer Experience Team on 020 73985400.
At Reliance bank, we offer a range of savings products for individuals, charities, and businesses.
If you are an individual, view our personal savings accounts here.
If you are a charity or a business, view our business and charity savings accounts here.
Please Note: If you think you might need to dip into your savings at short notice, our Instant Access Savings Account lets you do just that.
We refer to the interest rate as an AER, which 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.
At Reliance bank, interest calculation varies by account type:
Fixed term deposit accounts: Interest will be paid on an annual basis for the 1- or 2-years account (on the same day each year as the date you made your initial deposit into your account). Interest for the 6-month fixed term account will be paid on the maturity date at the end of the 6-month fixed period.
Instant access savings account: Interest will be applied to the Account quarterly, on the set quarter dates.
Notice savings accounts: Interest is accrued daily and will be applied to the Account on the last working day of each quarter, unless you specify a secondary account held with Reliance Bank Ltd to receive the credit interest.
Fixed term savings accounts: Withdrawals are not permitted until the account matures.
Notice accounts: Offer flexibility, letting you make withdrawals with either 35 days’ or 90 days’ notice.
Instant access savings account: Allows unlimited withdrawals at any time.
No, charities need to open a charity savings account. To open a charity savings account, please visit our Business and Charity Savings Account page here.
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS covers up to £85,000 eligible deposits person, per bank. This protection applies if we 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.
For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim):
a) You can refer to the FSCS website Bank & savings protection checker | Check your money is protected | FSCS
b) You can call the FSCS on 0800 678 1100; international customers can call on 020 7741 4100.
Please note only compensation related queries should be directed to the FSCS.
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.