Club and Charity Saver

 

 

Summary Box

The Information provided is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.

What is the Interest Rate?2.25% Gross/2.25% AER (From 31st October 2025)

AER stands for Annual Equivalent Rate. It illustrates what the interest rate would be if interest was paid and compounded each year.

Interest is calculated daily and is variable. Interest is compounded annually on the last day of February.

See our current interest rates leaflet for all savings accounts.

See our current interest rates for all savings accounts.

Can esbs change the Interest Rate?We may change interest rates at any time if we reasonably believe the change is needed.  Please refer to Condition 7 – Interest in the Terms and Conditions for esbs Retail Savings Accounts for further details.
What would the estimated balance be after 12 months based on a £1,000 deposit?

 

The projected balance based on the current interest rate is £1,022.50.

This projection is provided for illustrative purposes only and does not take into account the individual circumstances of the customer.

How do I open and manage my account?

 

  • The account may only be opened by UK clubs and registered Charities and UK residents.
  • Minimum balance £100.
  • Maximum balance £50,000.
  • To apply for an Club and Charity Saver please read the Club and Charity Saver leaflet to ensure this account is suitable for you. Please be certain to read the Terms and Conditions for esbs Retail Savings Accounts.
  • If you wish to open an account you can apply in person in one of our branches or, should you wish for an application form to be sent in the post for you, call our Savings Team on 01455 844422. Please remember to provide the funds/proof of funds in order to open the account.
  • You can manage your account at our branches or by post.
Can I withdraw money?
  • Yes – Instant access
  • 25 withdrawals per year (1st March – last day of February).  26th withdrawal will close the account.
Additional Information
  • This account is limited to one per Entity

This account might be right for you if you:

  • Manage funds on behalf of a club, charity or community group
  • Are happy with a variable rate of interest that can go up or down
  • Are happy to have limited withdrawals

This account is not right for you if you:

  • Want the security of a fixed rate of interest
  • Require more than 25 withdrawals per year
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