Charity Bank
Encyclopedia
Charity Bank is bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

 and a charity
Charity
-Concepts and practices:* Charity , the practice of benevolent giving and caring* Charity , the Christian theological concept of unlimited love and kindness* Principle of charity in philosophy and rhetoric...

 based in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

, with offices in Tonbridge
Tonbridge
Tonbridge is a market town in the English county of Kent, with a population of 30,340 in 2007. It is located on the River Medway, approximately 4 miles north of Tunbridge Wells, 12 miles south west of Maidstone and 29 miles south east of London...

, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

 and York
York
York is a walled city, situated at the confluence of the Rivers Ouse and Foss in North Yorkshire, England. The city has a rich heritage and has provided the backdrop to major political events throughout much of its two millennia of existence...

.

Charity Bank is a not-for-profit bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

 that only makes loans to charities and social enterprise
Social enterprise
A social enterprise is an organization that applies business strategies to achieving philanthropic goals. Social enterprises can be structured as a for-profit or non-profit....

s.

Savers can open term and notice savings account
Savings account
Savings accounts are accounts maintained by retail financial institutions that pay interest but cannot be used directly as money . These accounts let customers set aside a portion of their liquid assets while earning a monetary return...

s, such as a Cash ISA, and are sent an annual project portfolio of all the loans the bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

has made; so, savers can see exactly how their money is used.
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