Charity Bank launches new ethical account in Good Money Week for charities and churches.
To coincide with Good Money Week Charity Bank has launched a new ethical bank account aimed at charities, churches and socially-responsible organisations. As with all Charity Bank products, money saved by customers is used by the Bank to provide loans to support the work of charities and social enterprises across the UK.
Some of the projects Charity Bank supports aim to protect the environment: for example Sandford Hydro
Sandford Hydro is just one of the places that Charity Bank is helping have an impact. Upon completion, Sandford Hydro will be the largest hydro-electric plant on the Thames, generating approximately 1.6 GWh of clean electricity each year — enough to power around 500 households. Sandford Hydro is the brainchild of local community members, who saw an opportunity to do something good for the environment and to show what can be achieved when a community comes together in this way.
Adriano Figueiredo, Operations Director at Low Carbon Hub, comments: “We approached several banks for funding to help secure the future of Sandford Hydro, but what became clear very quickly was that Charity Bank really cared about our project and wanted to be a part of making it happen. Most commercial banks were singularly focused on the ﬁnancial side of it, whereas Charity Bank was also interested in the social and environmental impact that our project would create. There was a clear alignment of objectives and we’ve had nothing but support and invaluable help.”
For more details of Charity Bank and of the new Ethical Easy Access Account contact Charity Bank
Launched this week, Charity Bank’s Ethical Easy Access Account offers a competitive rate of interest (of 0.50% gross/AER) to churches and charities looking for same-day access to their deposits.