Branches & agencies
Fixed Rate Charity Bond until 16 November 2027
Secure a guaranteed rate for your charity until 16 November 2027
This Fixed Rate Charity Bond until 16 November 2027 is a charity savings account offering a fixed rate of 4.41% Gross/AER. UK registered charities can save a lump sum of between £1,000 and £500,000, with the rate fixed for the full term. Once the account is funded with an opening deposit, no further deposits or withdrawals are available until 17 November 2027.
| Rate | 4.41% Gross /AER |
|---|---|
| Access | No Not until the end of term |
| Interest | Annually |
| Minimum Investment | £1,000 |
Savings are protected by FSCS
Independently reviewed by Smart money people
Is this Fixed Rate Charity Bond right for you?
This Fixed Rate Charity Bond is good for you if
- You’re an incorporated or unincorporated UK registered charity
- You have a lump sum of £1,000 or more to save
- You want to lock away your charity’s savings until 16 November 2027 in return for a fixed rate of interest
- You don’t need access to the money until 17 November 2027
Consider something else if
- Your charity has less than £1,000 to save
- You may need access to your charity’s savings before 17 November 2027
- You want to make additional deposits after opening the account
- You’re looking for a personal savings account rather than an account for a charity
- If you’re not a registered UK charity
About this account
Account name: Fixed Rate Charity Bond until 16 November 2027
What is the interest rate?
The interest rate is fixed at 4.41% gross*/AER** until 16 November 2027.
At the end of the fixed rate term, your account will automatically become an Easy Access Charity Deposit account or the nearest equivalent available at that time. You can find the current rate payable on this account by visiting our Interest Rate History page (hrbs.co.uk/interest-rate-history/)
| Interest Rate | Minimum Balance | Gross* | AER** |
|---|---|---|---|
| Annual | £1,000 | 4.41% | 4.41% |
Interest will be paid on 1 December each year.
Can Hinckley & Rugby Building Society change the interest rate?
The interest rate is fixed and cannot be changed during the fixed rate term.
What would the estimated balance be at the end of the term based on a £1,000 deposit?
Based on a deposit of £1,000.00 with interest added annually, the estimated balance would be £1,047.94 at expiry of the fixed rate term.
These figures are provided for illustrative purposes only and assume that the account is opened on 16 October 2026. They do not take into account your individual circumstances.
How do I open and manage my account?
Available to Incorporated and Unincorporated Registered Charities.
This account can be opened by post or at any of our branches and agencies. Simply complete the application form and take it with your opening deposit* and ID documents, or post them to us at the address in this brochure.
We require at least two signatories operating the account, with a maximum of four. Incorporated charities must have at least one Director as a signatory to the account.
*The minimum deposit required to open and maintain this account is £1,000 and the maximum deposit is £500,000. The opening deposit must be by a cheque drawn on the charity’s nominated bank account and payable to your charity name, or by electronic transfer from the charity’s nominated bank account. It must be credited to the account within 5 business days of the account being opened, or the application process will need to be restarted.
After making your opening deposit, you cannot add more money to this account.
You can manage your account at any of our branches or agencies, by phone, or by post. You can also view your account online: on our app or by using H&R Online on our website (after registering for the service).
Can I withdraw money?
No, you cannot make any withdrawals until the end of the fixed rate term.
At the end of the fixed-rate term, your account will automatically become an Easy Access Charity Deposit account. Then, further deposits and withdrawals can be made without notice or penalty.
Additional information
We will write to you before the end of the one year term to advise you that your account is about to mature. Unless we receive alternative instructions from you, on 17 November 2027 your Fixed Rate Charity Bond will automatically revert to an Easy Access Charity Deposit account.
* Gross rate – the annual rate of interest to be paid on a savings account without any deduction being made in respect of personal Income Tax liability.
** AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once a year.
Important Documents
Fixed Rate Charity Bond until 16 November 2027 FAQs
Who can open a Fixed Rate Charity Bond?
The Fixed Rate Charity Bond is available to Incorporated and Unincorporated UK Registered Charities.
Can my charity withdraw money during the fixed term?
No. Withdrawals cannot be made until 17 November 2027. At the end of the term, the account will automatically become an Easy Access Charity Deposit account, at which time you can access your savings.
What happens to the Fixed Rate Charity Bond at the end of the term?
We will write to you before the end of the term to let you know that the account is about to mature. Unless we receive alternative instructions, the account will automatically become an Easy Access Charity Deposit account.
How many signatories are needed to open the charity account?
At least two signatories are required to operate the account, with a maximum of four. For incorporated charities, at least one Director must be a signatory.
How can my charity make its opening deposit?
The opening deposit can be made by cheque drawn on the charity’s nominated bank account and payable to the charity’s name, or by electronic transfer from the charity’s nominated bank account. The minimum deposit is £1,000, and the maximum deposit is £500,000.
Identification Requirements
Identification Requirements for this Fixed Rate Charity Bond
We need to confirm the identity of the charity and each signatory in order to protect you against fraud and to comply with legislation. You are required to provide the following documentation to open a fixed rate charity bond:
- A Resolution authorising named signatories to open the account. The Resolution must include the full names of all signatories and be signed by an official of the charity.
- We will also verify the identity and operation of the charity with the relevant Charity Commission.
- If incorporated, we will verify the identity of the company and directors with a Companies House search.
- We need to confirm the identity of each authorised signatory operating the account. We use an electronic verification system when opening an account. If this is successful, you will not need to do anything. However, in certain cases you will be asked to provide additional proof of identity (for example if you are not listed on the electoral roll or you have recently moved house).
If you are required to provide additional identification, you must supply two items acceptable to the Society to verify your name and address. The Society will be unable to open your account until we have completed identification procedures.
If you think you will need to provide identification, please visit Proving your identity for details of acceptable documentation or contact us 0800 434 6343.
Protecting your money
Your eligible deposits with Hinckley & Rugby Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. Any total deposits you hold above the limit are unlikely to be covered.
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