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Who they are

CAF Bank is a fully regulated bank wholly owned by the Charities Aid Foundation (CAF), and it serves more than 14,000 UK-based charities and social enterprises. CAF itself has deep roots - its origins trace back to 1924, when the National Council of Social Service set up a Charities Department to encourage efficient giving. That department was renamed the Charities Aid Fund, before the Charities Aid Foundation took its current name in 1974 as a fully independent organisation. CAF Bank itself was established in 1984.

This is not a bank chasing the mass retail market. Its entire purpose is the charity and social enterprise sector, and any surplus the bank makes is reinvested in the not-for-profit sector. That gives it a distinctly different character from the high-street names most savers will be familiar with.

What it offers

CAF Bank offers transactional current and deposit accounts via telephone and internet banking, and also provides lending to customers. The CAF Cash Account is a current account for everyday banking, while the CAF Gold Account lets organisations set aside surplus reserves with access when they need them. Lending is available too - loans range from £150,000 to £10 million.

It is worth being clear: CAF Bank is not designed for individual personal savers. Its accounts are built for charities, social enterprises, and not-for-profit organisations. If you are looking for a personal easy access account or ISA, this is not the place.

Protection and regulation

CAF Bank is authorised and supervised by the Financial Conduct Authority (FCA) with reference number 204451. Deposits are covered by the Financial Services Compensation Scheme (FSCS). The FSCS protects eligible deposits up to £120,000 per person, per banking licence - a limit that rose from £85,000 on 1 December 2025. CAF Bank holds its own banking licence, so its FSCS limit is separate from other institutions you may bank with.

Is it right for you?

If your organisation is a UK charity or social enterprise looking for a bank that genuinely understands the sector, CAF Bank is worth considering. For personal savers, it falls outside scope entirely. DepositScout currently holds no savings product data for CAF Bank, which reflects its specialist, non-retail nature. Use the live rates shown on this page to compare what is available from banks that do serve personal savers.