Saving & deposit options
- Business Reserve
- Treasury Reserve
- Direct Reserve
- Tax Saver
- Treasurer's Account
- Bonus Saver
- Liquidity Manager Notice Accounts
Clients' Monies
Useful information
Treasurer's Account
For clubs, societies, associations, churches and charities
A Treasurer's Account is the simple, straightforward way to manage your organisation's finances.
With no transaction charges on everyday items, you'll also earn interest on the funds in your account. It's ideal for local organisations such as residents associations, charities and local clubs.
Free Banking
Your organisation will pay no transaction charges on the following items:
- Cheques and other non-automated debits
- Direct debits
- Other automated debits
- Standing orders
- Autopay payments/credits distributed
- Non-automated credits
- Automated credits
- Cash exchanged
- Monthly fee
- Cash paid in
- Cash withdrawn
Treasurer's Account benefits
- Earn interest on your funds - with the option to receive it tax-free (if this applies to your organisation)
- Instant access and a cheque book - get funds and pay bills when you need to
- Invest surplus funds - make your money work even harder by sweeping excess funds into a Business Reserve or Bonus Saver. For larger balances, typically £100,000 or more, our Treasury Reserve Account offers a fixed money market rate of interest
- No minimum balance required to open a Treasurers Account
- Maximum balance - £500,000
| Amount | Gross Rate % p.a. | AER% | Net Rate % p.a. | New rates effective from |
|---|---|---|---|---|
| £25,000 - £500,000 | 0.05 | 0.05 | 0.04 | 19/03/2009 |
| £10,000 - £24,999 | 0.05 | 0.05 | 0.04 | 19/03/2009 |
| £2,000 - £9,999 | 0.05 | 0.05 | 0.04 | 19/03/2009 |
| £0 - £1,999 | 0.05 | 0.05 | 0.04 | 19/03/2009 |
Gross rate - is the interest rate paid before the deduction of tax.
Annual Equivalent Rate (AER) - illustrates what the interest rate would be if paid and compounded each year.
Net Rate - is the interest rate paid after deduction of tax.
