Jump to main content of pageaccessibility informationSitemap
12 Jul 2020

News

Giving made easy for spenders and savers

National Giving week is upon us, and with Children in Need just around the corner consumers may be considering the best ways to give to their chosen charity. By using one of the growing numbers of charity savings accounts or credit cards consumers can donate every day as part of their everyday banking.

Savings

Rachel Thrusell, Head of Savings at moneyfacts.co.uk comments:

“The affinity account market is still dominated by sporting causes, but charity affinity accounts are beginning to grow in popularity. Today, you can choose from 32 accounts which donate funds to a variety of charities, ranging from worldwide causes to local based charities.

“At the start of National Giving week, we see the launch of two new charity affinity accounts from West Bromwich BS and Coventry BS.

Provider

Charity

Min Deposit

Rate

Donation

West Bromwich BS

Help the Aged

£25

£25 – 3.75%; £5K – 4.00%; £25K – 4.25%

Up to 1% of average balances paid to Help the Aged

(Rates include a 0.50% bonus to 31.3.07)

Coventry BS

St Cross

£100

3.75%

1% of average balances paid to Friends of the Hospital of St Cross in Rugby. Consumers also have the option to donate any interest earned to charity.

“Whilst the charity affinity savings accounts do not pay market leading rates of interest, they are by no means the lowest on offer. Some consumers would be more than happy to sacrifice a little of their interest rate in the knowledge that their chosen charity will benefit as a result.”

 

Cards

Samantha Owens, Head of Personal Finance at moneyfacts.co.uk comments:

“Today almost 70 charity donation cards are available, covering most well known charitable organisations. Most cards will donate a specified sum when you first use the card, followed by a further percentage of spend being payable to the charity each time the card is used.

“While we have seen the affinity card deals improve, as competition strengthens, the majority of charity donation cards do charge a higher than average interest rate. So for those consumers without a competitive deal and holding a balance on their card, this can be a costly way of giving.

“In this case it may be beneficial to make use of a balance transfer deal, or at the very least a low rate purchase card and use the cost savings to give independently to charity. Alternatively a standard cash back card, which typically offer higher returns could be another simple method to raise funds.

“Whilst the idea of giving to charity simply by spending on your credit card or investing your savings can be a simple and effective method, make sure that the contents of your purse or wallet don’t suffer in the process. Always look into whether using alternative products with preferential rates could save you money and enable you to make individual donations to the charity of your choice.”

  

Charity savings Selection

Moneyfacts: National Charity Affinity Accounts - % GROSS

CHARITY

Institution

Min Deposit

Rate % pa

Donation paid per annum

Min

Max

NCH

CHESHIRE BS

£1

2.60%

3.55%

1.00% of average total balances.

ELLEN MACARTHUR TRUST & RAINBOWS CHILDREN’S HOSPICE

DERBYSHIRE BS

£1

3.25%

3.75%

1.00% of average total balances split equally between both charities.

SHELTER

NEWCASTLE BS

£1

1.65%

3.95%

1.00% of average total balances. Option to donate 0.25% of interest earned pa.

THE WORLD LAND TRUST

STAFFORD RAILWAY BS

£250

3.25%

3.25%

1.00% of average total balances.

AMNESTY INTERNATIONAL
UK SECTION CHARITABLE TRUST

TRIODOS BANK

£100

2.35%

2.85%

0.25% of average total balances. Option to donate proportion of interest earned pa.

FAIRTRADE FOUNDATION

TRIODOS BANK

£100

2.35%

2.85%

0.25% of average total balances. Option to donate proportion of interest
earned pa.

FRIENDS OF THE EARTH TRUST

TRIODOS BANK

£100

2.35%

2.85%

0.25% of average total balances. Option to donate all of interest
earned pa.

MEDICAL FOUNDATION

TRIODOS BANK

£100

2.35%

2.85%

0.25% of average total balances. Option to donate proportion of interest earned pa.

WORLD DEVELOPMENT MOVEMENT

TRIODOS BANK

£100

2.35%

2.85%

0.25% of average total balances. Option to donate proportion of interest earned pa.

HELP THE AGED

WEST BROMWICH BS

£25

3.75%

4.25%

Up to 1.00% of average total balances.

 

Moneyfacts: Local Charity Affinity Accounts - % GROSS

CHARITY

Institution

Min Deposit

Rate % pa

Donation paid per annum

Min

Max

CHOICE OF 21 LOCAL HOSPICES

CHESHIRE BS

£1

2.60%

3.55%

1.00% of average total balance in account to Hospice of your choice.

NORTH WEST AIR AMBULANCE

CHORLEY&DISTRICT BS

£100

2.30%

4.05%

1.00% of average total balances.

ST CATHERINES HOSPICE

CHORLEY&DISTRICT BS

£100

2.30%

4.05%

1.00% of average total balances.

ST CROSS HOSPITAL

COVENTRY BS

£100

3.75%

3.75%

1.00% of average total balances. Option to donate interest earned pa.

EDEN VALLEY HOSPICE,
HOSPICE AT HOME CARLILSE, & NORTH LAKELAND
WEST CUMBRIA HOSPICE AT HOME

CUMBERLAND BS

£1

2.05%

3.70%

1.00% of average total balances split equally between 3 local Hospices.

ST TERESA’S HOSPICE, BUTTERWICK HOSPICE,
TEESIDE HOSPICE,
HARTLEPOOL&DISTRICT HOSPICE

DARLINGTON BS

£1

0.60%

1.70%

1.00% of average total balances split equally between 4 local Hospices.

MARY STEVENS HOSPICE

DUDLEY BS

£500

2.15%

4.40%

0.25% of average total balances.

THE NOTTINGHAMSHIRE HOSPICE

NEWCASTLE BS

£1

1.65%

3.95%

1.00% of average total balances. Option to donate 0.25% of interest earned pa.

EAST ANGLIA CHILDRENS HOSPICE

SAFFRON BS

£500

4.00%

4.00%

0.50% of average total balances.

ESSEX AIR AMBULANCE

SAFFRON BS

£500

4.00%

4.00%

0.50% of average total balances.

ESSEX WILDLIFE TRUST

SAFFRON BS

£500

4.00%

4.00%

0.50% of average total balances.

STAFFORD DISTRICT VOLUNTARY SERVICES

STAFFORD RAILWAY BS

£250

3.25%

3.25%

1.00% of average total balances.

COTSWOLD CARE HOSPICE

STROUD & SWINDON BS

£100

2.85%

2.85%

1.00% of average total balances.

WILLOW TRUST

STROUD & SWINDON BS

£100

2.85%

2.85%

1.00% of average total balances.

BEACON CENTRE FOR THE BLIND

TIPTON & COSELEY BS

£10

2.75%

3.40%

1.00% of average total balances.

COMPTON HOSPICE

TIPTON & COSELEY BS

£10

2.75%

3.40%

1.00% of average total balances.

Charity cards Selection


Card

Donation on Opening

Donation on Purchase

Further Donations

Typical Purchase APR

Cash Per Annum

Cancer Research UK Visa

£20

0.25%

Nil

16.9%

22.95%

Greenpeace Visa

£15

0.25%

If card used within first 6 month a further £2.50 is donated.

17.9%

17.946%

Oxfam Visa

£15

0.25%

If card used within first 6 month a further £2.50 is donated.

17.9%

17.946%

American Express®  Red

£5

1.00%

1.25% donated if £5K+ spent per annum.

12.9%

20.555%

Barclaycard Charity Visa *

£5

0.30%

Nil

17.9%

27.9%

*Card donates to Marie Curie Cancer Care, Samaritans, Save the Children, The Woodland Trust and CAF.

Source: www.moneyfacts.co.uk                                 Figures correct at 16.10.06

moneyfacts
NOTES TO EDITORS:

Moneyfacts Group
Moneyfacts is the UK’s leading independent provider of personal financial information and our data is used and trusted throughout the financial industry. 

Regular Charts
We can supply you with regular weekly or one-off selection charts on many financial products including savings, mortgages, credit cards and personal loans. Our charts are independent, impartial, totally accurate and up to date. 
Please call Andrew Hagger on 0870 2250 512 for further information.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600

We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £500

Remortgages | Mortgage Repayment Guide Remortgage Guide | Life Insurance | Mortgage Protection Life Insurance | Decreasing Term Life Insurance | Accident Sickness Unemployment | Accident Sickness Unemployment Cover | Builds and contents quote | Conveyancing Online | Btl Mortgage | Mortgage Rates | Free Mortgage Advice | Online Mortgage Application | Shared ownership mortgages | Site Map