Charity Bank is an ethical loans and savings bank for the social sector that has more than doubled the size of its loan book since the start of 2015. It is entirely owned by charitable foundations, trusts and social purpose organisations.
It only lends to charities and social enterprises and other organisations where the loan is for a social purpose. It offers loans from £50,000 up to £3.5 million and will work with other social lenders to provide larger loans. Repayment terms can be for up to 25 years.
Charity Bank also offers a range of competitively priced deposit accounts. This includes its recently launched Ethical Easy Access Account which been developed to meet the needs of charities and business savers.
All deposit accounts can be opened online and eligible deposits are protected by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.
Contact their savings team for more information: call 01732 441944 email email@example.com or visit charitybank.org.