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Savings For Good

Ethical Easy Access Charity, Trust and Unincorporated Associations Account

Put your organisation's reserves to work for Australian communities.

  • Financial Claims Scheme
  • APRA-regulated ADI
  • AUSTRAC-registered DCE
  • Certified B Corporation
  • Global Alliance for Banking on Values
  • ACNC-registered borrowers
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We have made changes to the Bank’s Terms and Conditions documents.

This includes references to support our upcoming Mobile Banking App, which will launch to our savers later this year.

For more information on all changes, follow this link.

Your eligible deposits with Charity Bank Australia Limited are protected up to a total of A$250,000 by the Financial Claims Scheme, the Australian Government’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. View and download the Charity Bank Deposit Guarantee Scheme: Information Sheet here. For further information visit www.fcs.gov.au.

Key benefits

Access

Open your account online.

Easy Access

Giving you the flexibility you need.

Social Impact

Your money will be used to support charities and social enterprises.

Summary Box

Payment of interest:

Interest is paid gross, which means without tax deducted.

Withdrawals:

You can access your savings by electronic transfer to your Nominated Account when you send us a withdrawal notification form signed in accordance with your mandate. As an additional security measure we will follow up receipt of the withdrawal notification form with a call back to an authorised signatory, to ask for characters from the memorable word linked to your account.

Cut-off times for serving notice to withdraw:

Completed instructions must be received in line with the cut-off times set out in our Payment Times document.

Paying money in:

Within the funding period you may fund your account with one or several deposits from your nominated account. Subsequent payments are supported by electronic transfer from your nominated account.

Number of account holders:

Unlimited.

How we calculate interest:

Interest is calculated daily and added to your account quarterly, following month end in March, June, September and December, and on closure of your account. There is no bonus interest payable.

Can Charity Bank Australia change the interest rate?

The interest rate is managed and may be altered in accordance with the section on changes to interest rates in our Terms for organisations (Ethical Easy Access Account).

Managing your account:

You can manage your account through online banking, and we can answer any question directly by secure message.

Apply Online
A weatherboard home in Healesville with a newly planted front garden, part of Yarra Valley Community Housing's supported housing

Yarra Valley Community Housing

Supported housing charity

“Charity Bank Australia asked about the people we house before they asked about the buildings. No other lender started the conversation there.”

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Hands rolling out dough in the kitchen at a community bakery

Discuss a savings account

Talk to our Australian based Savings Team about your needs.

Savings Account Statements

Click on the button to access information on when you will normally receive statements and how you can request ad hoc ones or set recurring dates to suit your needs.

Find out more

Savings for good

Our ethical savings accounts give you the ability to help create lasting social change. Explore our full range of ethical savings accounts to find the right account for you.

View Charities, Clubs & Trusts Savings Accounts

Frequently Asked Questions

Are my savings protected by the Financial Claims Scheme?

Charity Bank Australia holds its own banking licence and is a member of the Financial Claims Scheme.

Yes. Your eligible deposits with Charity Bank Australia are protected up to the A$250,000 limit of the Financial Claims Scheme, the Australian Government’s deposit guarantee scheme. Any balance above that limit is not protected.

For joint accounts, eligible deposits are protected up to the A$250,000 limit for each account holder, making a total of A$500,000.

Please refer to our Deposit Guarantee Scheme: Information Sheet, or visit the Financial Claims Scheme website to check what is covered.

How do I operate my account?

You can manage your account online, and our Australian based Savings Team can answer any question directly by secure message. Sign in or register through online banking.

How does Charity Bank Australia support customers who need extra help to apply for an account?

We understand that a challenging situation, whether temporary or permanent, can make it harder to apply for and look after an account. Please refer to our Customer Support guidance, or contact us through online banking, should you need support before completing your application.

How do I make my first deposit into a new savings account?

Once we confirm by secure message that your account is open, you can fund it with one payment or several, by any of these methods.

  • Electronic payment from your nominated account.
  • Internal transfer of maturing funds, or of funds held in an existing Charity Bank Australia account.

Please quote your application reference number and surname as the payment reference, and make sure your bank passes the reference on, otherwise the payment may be returned to you without interest. You earn interest from the business day on which the payment reaches us.

More Savings FAQs Here

Savings Document Library

For the latest Charity Bank Australia savings accounts documents, please click on the button below.

Savings Document Library