This account requires 32 days’ notice for withdrawals. It is designed to help young people (initially under the oversight of parents, grandparents and guardians) to start on a journey of saving, whilst partnering with Kingdom Bank to help build God's Kingdom through the Bank's support for UK churches.
Yes Kingdom Bank is a member of the scheme. See here for details.
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.
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.
This is an area we are looking into and we expect to be able to offer this service in the not too distant future.
We presently do not open current accounts.
Specific forms are required to ensure we receive all the information required to run your account effectively. Please visit our Savings 'How To Apply' page where all relevant forms can be downloaded and printed. You may also open a bond for a Young Saver, please call us to discuss this or to request the relevant forms be sent out to you on 0115 921 7260.
Use one of the following methods:
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.
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.
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.
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.
Your accounts will earn interest from the day we receive your initial deposit.