# CAF launches new charity savings accounts with Scottish Widows

- Link: https://fundraising.co.uk/2011/03/01/caf-launches-new-charity-savings-accounts-scottish-widows/
- Published: 2011-03-01T09:28:26+00:00
- Author: Howard Lake

The Charities Aid Foundation (CAF) has launched two new savings products for charities
in association with Scottish Widows Bank.

CAF Financial Solutions Ltd, a subsidiary of CAF, is offering the CAF 90 Day Notice
Account (with a variable rate of up to 1.95% AER) and the CAF One Year Fixed Term
Deposit Account (1.25% AER).

Both accounts are available to charities who deposit between £10,000 and £5 million.
Those depositing more than £50,000 in the 90 day notice account will receive the
top tiered reate of 1.95%. Below that the rate is 1.7%.

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The new products are introduced shortly before BM Savings, the current deposit taker
for the CAF Fixed Rate Selector Account, stops accepting new savings accounts from
CAF customers. They will, however, continue to service existing customers until 
their accounts reach maturity.

www.cafonline.org/charity

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