Club, Society and Charity Accounts
These savings accounts are specially designed for clubs, societies and charities.
Accounts Available
Summary of Treasurers' Trust Account Rates
|
Treasurers' Trust Account |
|
Min Investment Amount |
Investment Amount |
Gross (%) |
AER (%) |
Net (%) |
|
£5 |
£50,000 and over |
0.30 |
|
0.24 |
|
£25,000 to £49,999 |
0.25 |
0.25 |
0.20 |
|
£10,000 to £24,999 |
0.20 |
0.20 |
0.16 |
|
£5,000 to £9,999 |
0.15 |
0.15 |
0.12 |
|
£500 to £4,999 |
0.10 |
0.10 |
0.08 |
|
£5 to £499 |
0.05 |
0.05 |
0.04 |
|
|
|
|
Rates effective from 20th February 2009
Net rates assume the lower rate of income tax of 20%. These figures are rounded and are for illustrative purposes only.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded each year.
GROSS: The gross contractual rate of interest before the deduction of tax at the appropriate rate specified by law. Interest will be paid gross to non-taxpayers subject to the required HM Revenue & Customs certification (R85).