Fixed Term Charity Savings Accounts

1. 3 months Fixed Term Deposit – 3.90% AER*
2. 6 months Fixed Term Deposit – 3.75% AER*
3. 1 year Fixed Term Deposit – 3.85% AER*
4. 2 year Fixed Term Deposit – 3.55% 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 – £1,009.62*
• 6 months Fixed Term Deposit – £1,018.60*
• 1 year Fixed Term Deposit – £1,038.50*
• 2 year Fixed Term Deposit – £1,072.26*

*This calculation is for illustration purposes only.

You can apply by downloading an application form from our website. Please complete the form, and then email or post it to us.

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.

A fixed term charity 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.

We will send you a reminder at least 21 calendar days before the expiry of the term of the account (the “Maturity Date”) to advise you of the upcoming Maturity Date. We will send you another reminder approximately 14 calendar days before maturity of the account. You may instruct us on or before the Maturity Date to repay the account balance to another Reliance Bank Limited savings account, or the account from which the initial deposit was made, unless otherwise agreed with us in writing.

If we do not receive any instructions from you on or before the Maturity Date, we will convert your account to a new Instant Access Savings Account. The prevailing Instant Access Savings Account Terms and Conditions will apply.

No, you cannot withdraw any money from your account until the fixed term matures.

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.