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
Open an account and deposit at least £1000 within 28 days to earn a Limited Edition Rate (variable) for 12 months. If you don't do this, you’ll receive our Standard Variable Rate of 1.20% AER* Gross (variable).
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 |
---|---|---|
Limited Edition rate of 4.00% AER*/ Gross (variable) |
Minimum balance of £1000 within 28 days |
Monthly or annually |
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.
From 10 November 2023 you can earn a Limited Edition rate of 4.00% AER* /Gross (variable) for 12 months if a minimum account balance of £1000 is reached within 28 calendar days of account opening.*
Limited Edition rates are promotional rates which are subject to availability and can be withdrawn from sale at any time. The interest on these rates is higher than our Standard Variable rate.
During the 12-month period the rate can vary meaning it can go up or down, but it will not go below the Standard Variable rate that is available at that time.
Your account will earn Standard Variable rate interest until you meet the Limited Edition rate criteria.
For more information about Limited Edition rates please see the Important Information Sheet and the Frequently Asked Questions below.
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.
Yes! Our Limited Edition rates can be opened by new customers or existing customers. All our existing customers have to do is open a new account and deposit the minimum balance within 28 days.
The Limited Edition rate will be applicable to your account for 12 months, but is variable, meaning that within the 12-month period the Limited Edition rate can go up or down, but it will not go below the Standard Variable rate that is available at that time.
Customers can see the interest rate being paid on their account at any time on their Mobile App or via Online Banking.
If you meet the criteria for the Limited Edition rate, this interest rate will be applied to your account from the next working day. Until that point your account will earn the Standard Variable rate. You can see your current interest rate at any point on mobile or online banking.
During the eligibility time period we’ll assess whether you have met the Limited Edition rate criteria, and begin paying the Limited Edition rate. When the interest is paid from can be worked out using the following table:
Your closing balance on a |
Limited edition rate applies from the following |
Monday |
Tuesday |
Tuesday |
Wednesday |
Wednesday |
Thursday |
Thursday |
Friday |
Sunday |
Monday |
Please note:
If you meet the Limited Edition rate criteria on a Friday or Saturday we will only consider your closing balance on a Sunday for the purposes of eligibility and applying the Limited Edition rate.
If there is a Bank Holiday (including before or after a weekend), we will only consider your closing balance on the last non-working day for the purposes of eligibility and the Limited Edition rate will apply from the next working day.
You can make withdrawals during the eligibility period, if at the point of assessment for an Limited Edition rate the balance is lower that the minimum required you have the option to top up while the eligibility period is still open.
Check balances, make payments, see transactions and open new accounts any time - all with Business 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.
Talk to a real person in our UK contact centre. Click the button below to check when we're available.
Choose how long you want to save for and know how much interest you'll earn with our Community Fixed Term Deposit Account.
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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.