A charity savings account is designed specifically for charities and community-focused groups such as clubs, societies, community groups, churches and other non-profit organisations to save money whilst earning interest. 

Our range of charity savings accounts, includes easy access (sometimes known as instant access), notice and fixed term (sometimes known as bond) savings accounts. Each offers a different level of flexibility, interest rate and access.   

No – we don’t apply fees or charges on our standard charity savings accounts. 

Some more specialist accounts, such as a limited access account, may incur charges which will be detailed in the account’s Summary Box. 

Eligible deposits for charities are protected by the Financial Services Compensation Scheme (FSCS). 

If you’re unsure if your organisation is protected, you can read more information on our FSCS page.

Our charity savings accounts have a minimum balance of between £5,000 and £20,000 – the specific amount will be made clear when you open the account and in the Summary Box.   

You may invest up to £750,000 in a single account and up to £1,000,000 in total with us. Some accounts may allow higher balances, and this will be detailed in the Summary Box.

In most cases, it’s unlikely a registered charity would need to pay tax on interest earned, provided the funds are used for charitable purposes. Charities may be eligible to reclaim tax deducted on interest earned, subject to applicable regulations. 

We’ll upload a statement with the interest earned for the previous tax year to our online portal, which you can include in your tax filing. Get in touch if you need this another way. 

The way your savings are taxed depends on your personal circumstances. We don’t provide tax advice and tax rules may change in the future.

It’s quick and easy and can be completed entirely online in around 10 minutes. 

Once this is complete, as part of our ongoing compliance procedures, we will conduct a review.

To help us complete the review, we may ask for some of the following: 

• Minutes of meeting: A recent meeting of your Charity/club/association’s governing body, evidencing the decision to open a charity savings account with us at Hampshire Trust Bank.  The minutes should clearly state that the members or trustees agreed to open an account with us specifically and authorisation for the account signatory(s) to act as the primary contact and manage the account on behalf of your organisation 
• List of Trustees/governing body members:  A current list of all senior trustees, committee members, or individuals who form the governing body of the organisation 
• Latest annual accounts (if applicable): If your club/association prepares annual accounts, please provide the most recent version.  If not applicable, please let us know 
• Bank statements: 6 Months bank statement from your organisation. If the bank account has been opened for less than 6 months, please provide statement from account open date 
• Verification documents:  In addition to the above, please also provide any other documents you believe would be helpful in verifying the club/association’s current status, such as your constitution, governing document, registration certificates, or any other relevant documentation. 

Our savings accounts are designed for UK-based organisations with under 250 employees:  

• Sole traders – trading in the UK  
• Limited companies/PLCs/LLPs – incorporated in the UK  
• Partnerships  
• Charities – registered in the UK  
• Clubs and associations  
• Small local authorities/PCCs/councils  
• Schools  
• Religious organisations  
• Small financial institutions. 

You can manage your account and message us when logged into our online portal.

If you’ve always managed your account with us in a different way for a specific reason, for example by post, you can keep doing this.