Banks offer charities very low interest rates

Howard Lake | 1 July 2002 | News

Charities are receiving very poor interest rates on their bank accounts, according to a BBC Radio 4 consumer programme.

BBC Radio 4’s Money Box programme reports that banks and building societies are offering charities very low interest rates, with “many receiving interest as low as 0.1%.”

Read Banks offer charities raw deal at BBCi.

About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale. He is the founder of Fundraising Camp and co-founder of GoodJobs.