Savings for Churches.

For Kingdom Bank, everything we do flows from our faith which makes us distinctly different from almost every other bank. We aim to place Jesus Christ at the centre of our business with the goal of seeing lives changed as a result of the work of the churches and organisations we serve and the profits we give away to good causes.

Our offerings

Call Direct - 0.10% Gross/AER

The instant access account with telephone banking – available to individuals and organisations that can provide a nominated bank account (in the same name) for withdrawals.

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Church and Charity Postal 45

A postal account for Churches and Charities that requires 45 days’ notice for withdrawals

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Church and Charity Reserve Account

A 90 day notice account (with withdrawal option) for registered churches and charities, minimum balance £20,000

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Savings Bonds

These are ideally suited to those that have a lump sum to invest for a fixed term. It offers a choice of investment periods. Choice of 6, 12 or 24 month terms.



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Treasury

Suitable to those who have a substantial sum to invest for a fixed term. It offers a choice of investment periods.

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Postal 32

This postal account requires 32 days’ notice for withdrawals.

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Postal 60

This postal account is similar to the Postal 32 but requires 60 days’ notice for withdrawals.

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Frequently Asked Questions

Am I covered by the Financial Services Compensation Scheme?

Yes Kingdom Bank is a member of the scheme. See here for details.

As an organisation do we need different application forms for Association, Business, Charity or Trust use?

Yes, specific forms are required to ensure we receive all the information required to run your account effectively. To make things easier for you, our product descriptions are all provided with links to application forms for all types of organisations. Please download the relevant form or call us and we will send the appropriate forms to you.

Can I get extra application forms?

Yes. Simply go to the 'How to Apply' page. There you will find the applicable form(s) for the product, or you can call us on 0115 921 7260.

Do I have to be a Christian to open an account with Kingdom Bank?

No. Kingdom Bank Savings accounts are designed to appeal specifically to churchgoers, Christian Churches and Charities, but any eligible UK resident or organisation may apply. We also make a special effort to help missionaries who sometimes find it hard to open an account.

Do you offer internet banking?

This is an area we are looking into and we expect to be able to offer this service in the not too distant future.

Do you open current accounts?

We presently do not open current accounts.

How do I draw money out?

Different account types allow various options - see relevant account for specific details. Withdrawal slips are available on request. Telephone passwords will be issued at account opening for Call Direct, Postal 60 plus, Postal 32 plus and Treasury Account customers.

I am an existing customer, can I download the forms I need from this website?

Absolutely! We have put some of the most requested forms on the website for you to download. Please contact us if there's something else you need on 0115 921 7250.

What about income tax?

Individuals earn interest on their savings tax free up to a certain amount. The allowance depends on the individual’s income: basic rate tax payers are able earn up to £1,000 in savings interest tax free and higher rate tax payers are able to earn £500 tax free. Additional rate tax payers donot have a Personal Savings Allowance.

Kingdom Bank pays all savings interest gross - meaning that there is no tax deducted.

Interest is paid gross on Individual Savings Accounts (ISAs), which are tax free accounts for personal savers only, and are subject to HM Revenue & Customs rules limiting the amount that can be saved in this way.

Charities and other not for profit organisations will have interest paid without deduction of tax. Please ask us if you are unsure whether your organisation qualifies.

Limited Companies receive interest gross but other businesses receive interest net of tax.

How can I pay money into my account?

Use one of the following methods:

  • Cheques should be payable to ‘Kingdom Bank – account name.'
  • Standing order. Please call to obtain the correct bank details to quote.
  • We also accept bank transfers using your internet or telephone banking. Please call to obtain the bank details to quote.

What if I have a complaint?

Initially, please get in touch. Every member of staff is trained to assist you, and we aim to resolve any issues that might arise as quickly as possible. In the unlikely event that you are still dissatisfied, please see our leaflet 'Your Guide to Customer Complaints' which provides details of how to pursue your complaint. We are members of the Financial Ombudsman Service.

What is your ethical investment policy?

The company is ethical by nature, dedicating its mortgage and lending capacity to provide funds to build and develop churches and Christian ministries within the UK.

When will I start earning interest?

Your accounts will earn interest from the day we receive your initial deposit.

Important Note


Before posting your form we would ask you to read and familiarise yourself with the following documents:

General terms and conditions

Specific terms and conditions

FSCS Information sheet

Your guide to customer complaints

Organisations Interest Rate Information

Thank you Kingdom Bank for your support and encouragement in mission work in the UK.

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Discover how we really are different. Get in touch and one of our helpful team will help you find the right solution for your banking needs.