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Savings accounts - Charities

Last post Wed, Aug 06 2008, 9:47 PM by conmankiller. 3 replies.
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  •  Wed, Aug 06 2008, 6:48 PM

    Savings accounts - Charities

    I am [hon] treasurer for a Charity and have £8,000 to invest with no need of access for the forseeable future [say 2 or 3 years].

    At present it is sitting in a Lloydstsb savings account and earning approx 2% p.a.


    Can I do better?


    Thanks

    • Post Points: 20
  •  Wed, Aug 06 2008, 6:55 PM

    Re: Savings accounts - Charities

    Oh yes, indeed you can. !

    http://www.icicibank.co.uk/hisave_fixedrate.html

    From their legal terms.

    Accounts may be opened by:

    • a sole trader - a person operating a business in his or her own name or under a trading name;
    • a partnership - two or more people operating an unincorporated business together with a view to making a profit from the business;
    • Corporations - Companies (incorporated in the UK or abroad), Limited Liability Partnerships and other corporate bodies
    • Clubs, societies, associations, personal representatives, trustees, charities and others - persons, groups or bodies providing a service to benefit others
    • Post Points: 20
  •  Wed, Aug 06 2008, 9:31 PM

    Re: Savings accounts - Charities

    Thanks for your prompt reply.

    I have gone through their site and note when one goes through their Personal savings account.. they do not entertain corporates [understandable].

    I have therefore e:mailed their corporate section and await their response.

    • Post Points: 20
  •  Wed, Aug 06 2008, 9:47 PM

    Re: Savings accounts - Charities

    Hi -- On the above link click on "Legal" at the bottom border of their page, then look for, " UK Bank Accounts: Individual Relations | Non Personal Relations

    Then click on the Non Personal Relations, that's where you find the corporate details.

    • Post Points: 5