Charity Fixed Term Savings Accounts
Fixed Term Savings Accounts designed for charities, faith, and social purpose organisations registered in England and Scotland.
Supporting Charities in their Growth
- Our Fixed Term Charity Savings Accounts are designed to help charities manage their finances while making a positive social impact.
- When you bank with us, your deposits contribute to providing funding to organisations that help the most in need, whether it be struggling families, someone sleeping rough or people who are experiencing poverty or hardship.
- Reliance Bank was founded by The Salvation Army in 1890 and remain the shareholder for Reliance Bank today. We are the only UK bank to be owned by an International Charity and Christian Church. We have over 135 years of experience of empowering charities and a desire to see churches grow.
- The bank attracts customers from all faiths, recognising that The Salvation Army’s mission is to preach the gospel of Jesus Christ and to meet human needs in his name without discrimination.
- Unlike traditional banks, we are committed to being guided by our ethical principles – this means we refuse to fund activities such as gambling or the mining of fossil fuels.
Key Features and Benefits
Fixed interest rates up to 3.55% AER*
Fixed Term Deposits - 3 months, 6 months, 1 year and 2 years
Early withdrawals are not permitted during the fixed term
Your savings are FSCS protected up to £120,000
Easy account management through our online banking
Ethical banking where your deposits make a positive social impact
Compare our Fixed Term Rates
*AER
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.
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 Financial Services Compensation Scheme.
How to Apply
Complete online application
Complete identity verification
Complete account mandate
Ready to Apply?
Products are subject to status and eligibility. Terms and conditions apply. Reliance Bank uses your personal information to confirm your identity and assess your application when you apply for an account with us. We will only collect, process and store information about you in accordance with our Privacy Notice. For more details, please read our Privacy Notice. Do not send us any funds until our team have contacted you to explain how funds can be deposited safely and securely.
Important Documents
Summary Sheet
- 3 months Fixed Term Deposit – 3.55% AER*
- 6 months Fixed Term Deposit – 3.40% AER*
- 1 year Fixed Term Deposit – 3.50% AER*
- 2 year Fixed Term Deposit – 3.30% AER*
*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.
No, the Applicable Interest Rate is fixed. It will not change until the account matures at the end of your fixed term.
Estimated balance in the account at the end of Fixed Term –
- 3 months Fixed Term Deposit – £5,043.77*
- 6 months Fixed Term Deposit – £5,084.30*
- 1 year Fixed Term Deposit – £5,175.00*
- 2 year Fixed Term Deposit – £5,335.45*
*This calculation is for illustration purposes only.
You can apply by completing the online savings application form, which can be found on our website.
You can manage your account online via our digital banking portal or by telephoning our Customer Experience Team on 0207 395 5400.
No, you cannot withdraw money from your account during the Fixed Term.
Rates and information correct at 22/12/2025.
Our Social Impact
Reliance Bank helps people who believe – like we do – that money can be a force for good in the world. We support those in need – the deprived, isolated and overlooked at the edges of society.
And our funding is used by community centres that allow young people who feel abandoned by society, by family, the opportunity to feel cared for and included. We have deepened our specialisms in positive impact lending allocating sector-specialist Relationship Directors in each area: Community, Faith, Healthcare and Social Housing.
In 2024/2025, Reliance Bank’s funding helped:
RBL Social Impact Report 2024-2025
Ready to Apply?
Check your eligibility and apply online today
Frequently Asked Questions
A charity fixed-term savings account is a type of savings account designed for charities. It allows them to lock away money for a fixed term, earning a fixed interest rate. It’s ideal for charities looking to earn a higher return on their deposits, and do not wish to access their funds during the term.
Our Charity Fixed Term Savings Accounts are only available to charities registered in England or Scotland.
No, we do not allow early closures. The account will mature at the end of the fixed term, after which it is automatically converted into an instant access savings account.
Explore our other Charity Accounts
Useful Guides
Need Help?
For further assistance, please reach out to our Customer Experience Team on 020 7398 5400 or email us at customer.experience@reliancebankltd.com.
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.