Personal Gospel Partner Account
An account that puts your money to work to help build God’s Kingdom.
Our Personal Gospel Partner Account is designed to help you make a difference with your money. You’ll receive interest at a slightly lower rate than similar notice accounts, enabling us to provide more support for church planting, church refurbishment and ministers’ housing across the UK.
Summary
- Interest rate 1.50% Gross/AER.
- Interest is payable from the date of receipt of all deposits, calculated daily and paid annually.
- Deposits can be made by online banking at any time. Alternatively, you can pay by standing order, card payment or post.
- Minimum balance £1.
- All withdrawals are subject to 32 days’ notice.
- Withdrawals can be instructed by online banking, telephone or post.
- All withdrawals will be paid into a pre-nominated bank account which must be in the same name as the account holder.
Details
The interest rate is a bank managed rate of 1.50% Gross/AER.
Interest accrues on the daily balance at the rate notified to you from time to time.
Interest is added to or deducted from the account on the 31 December each year.
Yes. As this account pays a variable rate of interest, it can change over time – the general terms and conditions explain how this happens. We will always let you know of any planned changes to the rate. For example, we may review our interest rates if the Bank of England base rate changes.
If you deposit £1,000 when you open the account, the balance after 12 months will be £1,015.00
This assumes:
- You do not withdraw any money and interest is paid into this account.
- The interest rate stays the same.
- You do not add any more money.
A minimum deposit of £1 is required when opening an account.
You can apply online for an account here or you can fill out a paper form and post it to us. Copies of these forms can be found at the bottom of this page.
Once a fully completed application form is received in the post and the necessary checks have been carried out by our team, we will be delighted to open your account with us.
If you change your mind, you can advise us in writing and we will cancel the account free of charge within 14 days of opening.
Deposits can be added at any time via online banking, standing order, card payment or post.
You can register for online banking, which allows you to manage your account on our website. To register for internet banking, click here and select the ‘Register’ button. Alternatively, this account offers banking functionality over the phone.
All withdrawals are made to a nominated account, either via online banking or by calling us. You are also able to request withdrawals in writing.
Yes.
You can make withdrawals from this account by giving 32 days’ notice, and there is no charge for doing so.
All withdrawals must be made to an account in the same name.
No charges apply to this account (except for those referred to in our terms and conditions, where we permit early withdrawal at our discretion with charges on transfer before notice period served).
‘AER’ stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER – this means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
Open an account
Alternatively, please visit our ‘Open an account‘ page to download an application form.
If you would like to speak to one of our friendly Account Management team, please complete the enquiry form below or give us a call.
