Charity Bank launches competitive Cash ISA

Charity Bank has announced the availability of its new Cash ISA. Offering customers the competitive market rate of 2% gross interest per annum, deposits will only be lent to support charities, social enterprises and community organisations that benefit people and communities across the UK.

The Charity Bank Cash ISA presents an opportunity for savers who are looking to take a more ethical approach to banking by creating a social impact in their investments. The Cash ISA will support a wide variety of organisations committed to providing education and training, arts and heritage, community regeneration, social care, health, housing and supported accommodation, as well as international and sustainable development.

“People who invest in a Charity Bank Cash ISA can be assured that they will not only be receiving competitive rates, but that their money is making a measurable social impact,” said Geoff Burnand, chief investment officer, of Charity Bank. “Through its social banking products and services, Charity Bank benefits more than 3.5 million people in the UK and internationally.”

Charity Bank is committed to openness and transparency, and publishes details of all the loans it makes. Details of some of these loans are published on its website: charitybank.org/social-impact.

Savers can apply now for this Cash ISA. It is open to UK residents aged 16 or over. A minimum deposit of £250 is required. It is offered in accordance with HM Revenue and Customs regulations. Charity Bank is a member of the Financial Services Compensation Scheme. For more information and to sign up, please go to charitybank.org/cash-isa.