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Post Info TOPIC: Charity deposit account
tonys


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Charity deposit account
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Hi all,
Last time I was looking for a high (!!) interest account for the Charity I work for, someone recommended CAF.  I am just looking again for a better rate over 3 Months.
I was considering a Corporate Bond, the accountant said that would be fine, does anyone have any tips?

I am a little concerned about the government backed insurance scheme as this only covers £50k (May be rising to £85K Jan 11) and I am wondering about spreading the £210K we have to invest.

Comments anyone?

Regards,
Tony.

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Ann-marie


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Hi Tony,

I work for a charity and then do my bookkeeping business on the side (at the moment). We have a CAF account which we have never had any problems with. I'm not 100% sure if they have the best rates, but I have transferred large sums to them and have never had any problems and I would say that your charities money would be safe there.

Thanks
Ann-marie

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Ann-marie Kelly

www.twitter.com/smartiesbooks
www.smartiesbookkeeping.co.uk
tonys


Senior Member

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Posts: 226
Date:
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I found a better (Variable) rate with Scottish Widows.(Charity account)

Worth a look.

Regards,

Tony. 

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