Build a nest-egg for your club, society or charity with our straightforward Community Instant Access Deposit Account. You have total control over your money and can take money out if and when you like
Earn 1.20% AER* The more you put in, the more interest you could earn
You have full control over your money and can access it when you need it
You won’t pay a monthly fee, there are no set-up costs and no minimum deposits
| Interest rate | Minimum balance | Interest paid |
|---|---|---|
Standard Variable Rate of 1.20% AER* / Gross (variable) |
£1 |
Monthly or annually |
*AER stands for annual equivalent rate. It shows what the interest rate would be if interest was paid and compounded once each year.
Variable means we may change these rates and charges from time to time, or introduce new charges. If this means you’ll earn less interest, we’ll let you know beforehand.
For more information regarding your FSCS protection, please see the FSCS Information Sheet and Exclusion List.
There are no fees for this account, but we do charge for some of our banking services.
| Service | Charge |
|---|---|
| Issuing a banker’s cheque | £15 per item |
| Stopping a banker’s cheque | £10 per item |
| Copy or duplicate statements | £5 per statement |
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
Constitution documents need to confirm
A valid passport, EU national ID card or UK driving licence is ideal, and may be all we need.
Photographic ID
We can only accept original documents, not photocopies.
Valid Passport/EU national ID Card means in date, undamaged and machine readable. Unfortunately, we can’t accept handwritten passports or ID cards.
Non-photographic ID
If you’re providing non-photographic ID, you’ll need to bring 2 proofs of address. We can only accept original documents, not photocopies.
Valid passport with your current visa (with at least 6 months left on it) or a Biometric Residence Permit.
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.
This account is exclusively for clubs, societies and charities. You need to have:
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.
Manage your Community Instant Access Deposit Account online or on your mobile.
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.
Download our PDF to read when you like - it contains all the ins and outs of our Community Instant Access Deposit Account.
Community Instant Access Deposit Account Details (PDF) (44KB)
Our Service Relationship with Business Customers (PDF) (1.1MB)
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.
Our Limited Edition rates are variable throughout the term and we review these regularly in line with changes in the savings market. We’ll let you know if we decide to change the rates on any savings accounts, including Limited Edition rates, in line with our Terms and Conditions.
Limited Edition rates will not drop below the Standard Variable Rate for each product.
Our Limited Edition rates are variable throughout the term and we review these regularly in line with changes in the savings market. In line with our Terms and Conditions, if we decide to make any changes to interest rates, we’ll let you know by email or letter.
Choose how long you want to save for and know how much interest you'll earn with our Community Fixed Term Deposit Account.
Choose a tailored account with no monthly fee, clear charges and 200 free monthly transactions.
The right deposit account can help you reach your goals. See our range of deposit accounts that will make your money work harder.
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.