We understand the unique needs of charities, clubs and not for profit organisations and offer savings solutions that help make your money work harder. With easy-to-open accounts, British-based customer services and our competitive rates, we will protect your savings while you do what you do best.
*AER stands for Annual Equivalent Rate, which is a way to show the interest rate that could be earned from a savings account over a year. It's used to compare savings accounts that may have different features.
About Redwood Bank
Redwood Bank is proud to support the charity and not-for-profit sector with tailored financial services designed to help organisations thrive. We like to do things differently. Which is why our charity savings accounts are simple, easy to open and manage. With a strong commitment to integrity, trust, and exceptional customer service, we offer award-winning products that empower charitable organisations to achieve their goals. As a six-time winner at the Business Moneyfacts Awards, Redwood Bank is dedicated to helping charities make a lasting impact in the communities they serve.
Performance Summary
FY 2023 Results
FY 2023 Results
Balances at Jan 2024
Your eligible deposits with Redwood Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Please click here for further information, or visit www.fscs.org.uk.
You can get in touch with us Monday-Friday 9am-5pm, excluding bank holidays.
Visit our Support page for helpful documents.
Information and rates for our business savings accounts, including those no longer available.
Access free impartial guidance on savings options for you and your business.
We’re proud to support the Warrington community through an exciting initiative with Warrington Wolves. We've already donated 76 kids’ memberships, one for every primary school in Warrington.
For every business with a WA postcode opening their first Business Savings Account with us , we’ll donate one kids’ membership to help local children access this incredible opportunity.
Opening a Savings Account
Here are a selection of most frequently asked questions. If you can't find what you need here please refer to our Support page using the link below.
Find more answersRedwood Bank provides savings accounts for charities and not-for-profits including clubs and associations. This choice gives you the certainty of a fixed return if you are able to lock away your funds for a set period of time or the option of more flexible access with our 35 or 95-day notice accounts. Subject to availability.
The following applicants can open a savings account with Redwood Bank:
Companies and shareholding companies must be UK registered. All beneficial owners and authorised users must be UK residents.
Your eligible deposits with Redwood Bank are protected up to a total of £85,000 by the FSCS, the UK's Financial Services Compensation Scheme. Any deposits you hold above the limit are unlikely to be covered. For further information please visit our dedicated page or visit www.fscs.org.uk. Redwood Bank is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority (FRN: 755924).
