# New savings account for charities from CAF

- Link: https://fundraising.co.uk/2003/05/12/new-savings-account-charities-caf/
- Published: 2003-05-12T23:00:00+01:00
- Author: Howard Lake

Charities Aid Foundation (CAF) has launched a new account which combines monthly
income with growth potential and capital protection.
The account is designed to 
offer charities the security of a bank deposit account, together with an attractive
income and also the growth potential of the stock market.

The CAF Charity Guaranteed Reserve is the first account of its kind aimed exclusively
at the non-profit sector. It has been designed by CAF in partnership with Bristol&
West.

The Reserve is divided into two components. Half of the capital is placed

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in a high interest income account, receiving a fixed rate of 5% monthly (5.12% AER),
while the remainder of the capital is deposited into a growth account linked to 
the performance of selected world stock markets.

The minimum deposit is £5,000 and the maximum is £10 million. There is a limited
window available for investment. From 1 June to 31 July this year, charities will
be able to make deposits into the Reserve.

Although the CAF Charity Guaranteed Reserve is designed for a fixed, six year period,
access is available for charities wanting their money back before that time.

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