Charity Bank savings rates — compare every account, plus switch offers and guides

Who they are

Charity Bank was established in 2002 as an independent regulated bank , and there really is nothing quite like it in the UK savings market. It describes itself as the loans and savings bank for charities, social enterprises and people who want to make the world a better place - using savers' money to provide loans to organisations working to drive positive social change. It is entirely owned by charitable foundations, trusts and social purpose organisations , which means the usual pressures of outside shareholders pushing for profit simply do not apply in the same way. Its head office is in Tonbridge, Kent, with regional managers working across the UK.

Savings accounts

Charity Bank funds its loans by offering savings and deposit accounts to charities, businesses, trusts, credit unions and individuals in the UK. One thing worth knowing about the day-to-day experience is that all accounts are operated by post, with a UK-based savings team available by email or phone - but there are currently no online services once your account is open. A mobile banking app is in the pipeline though: Charity Bank has indicated it will launch to savers later in 2026.

On protection, Charity Bank benefits from its own banking licence and is a member of the Financial Services Compensation Scheme (FSCS). Eligible deposits are protected up to £120,000 under the UK's deposit guarantee scheme, following the limit increase on 1 December 2025. Because Charity Bank holds its own separate licence, your protection here does not overlap with savings held at other banks.

DepositScout does not currently hold rate data for Charity Bank's savings products, so for the latest figures please check the live rates shown on this page.

Is it right for you?

Charity Bank is a natural fit if you want your savings to do something beyond earning interest. Every pound you deposit is used to make loans to charities, social enterprises and other organisations with a social purpose - funding projects tackling poverty, supporting communities, and driving positive change across the UK. The trade-off is that the account experience is deliberately simple and postal-first, so if you want instant online access or a feature-rich app right now, you may find it a little less convenient than mainstream banks.

There are no switch offers or bonuses to factor in here. The decision really comes down to whether the ethical purpose resonates with you, and whether the rate on offer is competitive enough for your needs. Compare the live rates shown on this page to see where Charity Bank stands today.