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Earn more for your community

Community Fixed Term Deposit Account

If your club, society or charity has some money that isn’t needed straight away, you could earn interest on it by putting it in a Community Fixed Term Deposit Account for a year 

No surprises

With a fixed interest rate of 0.45% AER, you know exactly how much interest you’ll earn.

Deposits from £5,000

Start saving from £5,000 without any set-up or monthly maintenance fees

Simple 1-year term

Put your money away for a year secure in the knowledge it’ll grow 

Talk to us about our community fixed term deposit account now

Come see us in store – we’re open 7 days a week, no appointments needed.

If you’re a commercial customer, speak to your Relationship Manager or Local Director. Their details will be listed alongside your local store

Interest Rates, Fees and Charges

Interest Rates, Fees and Charges

Interest rate Term Minimum balance Interest payment frequency
0.45% AER 1 year £5,000 Monthly or annually

AER stands for Annual Equivalent Rate. It shows what the interest rate would be if it was paid and compounded each year. 

Opening a Community Fixed Term Deposit Account

Opening a Community Fixed Term Deposit Account

What we need to open your account

Bringing in the right documents can smooth out the account opening process.

To open a Community Account, you’ll need to be a club, society or charity. Different types of organisations will need different documents:

  • Unregistered Charity: Minutes of the Meeting and Constitution documents 
  • Registered Charity: Minutes of the Meeting and Charity Commission number 
  • Registered and Limited Charity: Charity Commission number and Company Registration number 
  • Club/Society/Association: Minutes of the Meeting and Constitution documents. If there are no Constitution documents available a letter on headed paper confirming the same information is acceptable.

Minutes of the Meeting need to confirm

  • An account is to be opened with Metro Bank in the name of the organisation
  • Who the Key Officials are (Chairperson/Treasurer/Secretary)
  • Who the signatories of the account will be and the signing rules for the account
  • The Minutes of the Meeting must be signed by two Key Officials, where there are two or more

Constitution documents need to confirm

  • What the organisation has been setup to do
  • Who the appointed Board/Committee members are
  • Who the Key Officials are (Chairperson/Treasurer/Secretary)

Proof of identity

A valid passport, EU national ID card or UK driving licence is ideal, and may be all we need. 

Proof of address

Must have your name and current address on it. We only accept originals. It’s handy to have 2 of these with you, just in case.


Additional Information

Additional Information


We offer a great interest rate designed to support small to medium-sized UK charities, clubs and societies – anything from a local football club to a city farm.

To open a Community Deposit Account you need to:

Bank the way you want

We believe in letting you decide how you want to bank with us – whether that’s online, in store, over the phone, through your Relationship Manager or on the move with our app.

Ways to bank

Setting up your online banking and mobile app

View your Community Fixed Term Deposit account online or on your mobile.

Business online banking

Business mobile banking app

Deposit terms

You can’t access your money during the term, but if you think you may need access to your money in this time, please consider the Metro Bank Community Instant Access Deposit Account. 

Interest and funds on maturity will be paid into your nominated Metro Bank account. 

Your account and tax

Since 06 April 2016, interest on savings has been paid without tax being deducted. For more information, please contact the Business team on 0345 08 08 508.

Get all the details on our Community Fixed Term Deposit Account

Download our PDF to read when you like - it contains all the ins and outs of our Community Fixed Term Deposit Account.

Community Fixed Term Account Details (PDF) (622KB)

Our Service Relationship with Business Customers (PDF)(1.1MB)

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  • Can I close my account early?

    No – we can only offer you such a high interest rate because you agree to leave your money in the account for a full year. If you think you might need to access the money during the year, you might want to consider our Community Instant Access Deposit Account.

  • Why do I need another Metro Bank account if I have a Community Fixed Term Deposit Account?

    When your account matures, your money will be paid into a Metro Bank Business Account that you nominate. This can be a Metro Bank Community Current Account or our Community Instant Access Deposit Account

  • Can I use internet banking with my Community Fixed Term Deposit Account?

    Yes - You can use internet banking to see your account details. You can’t make any transactions online from this type of account, on the date of maturity the balance and interest will automatically transfer to your nominated account.

    Find out more about internet banking.

  • Where can I find the rate for my Metro Bank account that’s now closed to new Business Customers?

    You can find the rates for any account that is not listed on the current rates page set out in Rates for Closed Business Products.

Your ways to bank


Check balances, make payments, see transactions and open new accounts any time - all with online banking.


Control your money on the move. Check balances, move money, make payments and more with our handy mobile app.


A friendly face and a quick answer. And all the usual payment services too. We're open 362 days a year

By phone

Talk to a real person in our always-open UK contact centre, 24 hours a day, 7 days a week, 365 days a year.

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Flexible savings

Our Community Instant Access Deposit Account is just for charities, clubs and societies. Access your cash 24/7 in store or online. 

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Community Current Accounts

Choose a tailored account with no monthly fee, clear charges and 200 free monthly transactions. 

How we can help

Community involvement

Every one of our stores is strongly rooted in the community it serves and we’re proud to work closely with local people and businesses.

Banking with us

Instant access holding account

Earn 0.20% AER variable interest on client funds and withdraw your cash whenever you like.