Earn up to 3.60% on your business and charity savings

Julie Smith, savings analyst at Fair Investment Company, introduces some great new savings rates for businesses and charities: "We have been working hard to secure better rates for businesses and charities for a year now, and we're really pleased to be able to offer some competitive new savings rates from Cater Allen Private Bank, which is part of Santander Group.

"Charities and businesses can get returns of up to 3.60% AER on their savings with Cater Allen's 3 Year Fixed Term Deposit, 3.05% AER with the 2 year and 2.55% on the 1 Year.

"We have also managed to get some great new short term fixed rate deals with Principality - a nine month bond offering 2.20% AER and an 18 month bond offering 2.58% AER.

"And for those businesses and charities that cannot afford to tie their funds up, we also have instant access deals with rates of up to 1.50%."

Julie says that although rates on the High Street are low across the board at the moment, for businesses and charities the pickings are particularly slim, which means it is even more important that charities look further afield for a better deal.

"There are very few options on the High Street, especially for charities. In fact, although most of the main UK retail banks offer cheque accounts for businesses and charities, the best fixed rate deal on the High Street is HSBC's 3 year fix with a rate of  is 1.26%.

With the HSBC deal, at the end of the term, a deposit of £130,000 (the average charity deposit through Fair Investment's service) would have earned just under £5,000 in interest. But if that £130,000 had been in the Cater Allen 3.60% account, it would have earned more than £14,500 in interest over the three years - almost three times as much as it would have in the HSBC account.

Find out more about the Fair Investment business and charity savings services: fairinvestment.co.uk/business_savings_accounts.aspx and fairinvestment.co.uk/charity_savings_accounts.aspx