For smaller charities, finding a savings platform has previously been more difficult, due to starting off with smaller funds. There is now a new investment platform designed specifically for you, helping your savings grow effectively for the charity’s needs. The CAF Charity Deposit Platform allows UK based charities with a minimum of £150,000 to invest in a steady and secure deposit platform.
Benefits of this new platform:
- The minimum investment amount is £150,000. This has previously been £500,000, so this introduces a lot more charities into deposit platforms and can be a gateway for investing money to receive higher interest rates.
- This platform combines several different accounts for you to choose from. This also allows for various different rates of interest and withdrawal notice periods, so you can choose which accounts are right for you. The deposit platform provides regular updates and information into each account, so you know what you’re investing in and when the terms are updated.
- There is FSCS protection included within this platform, meaning the money deposited receives the same level of protection as it would in a bank deposit account. The FSCS protection covers the first £120,000 of funds in each individual account.
- The service is provided by Flagstone Group Ltd, and has lots of helpful details and guidance on how best to invest your money in their variety of accounts.
- The CAF Charity Deposit Platform is fully digital, so all of your accounts are managed on the app and online. This makes all the accounts conveniently accessible from anywhere, while all being managed in one place.
These features make the CAF Charity Deposit Platform user-friendly and beneficial when trying to invest charity funds. As this platform accesses all of your investment accounts in one place, it makes reinvesting easier, too. Once the money you’ve invested in an account has matured, the funds can then be either returned to the charity or reinvested into another account easily through the app.
Flagstone Group Ltd provides lots of information and ratings on each of the accounts ready for you to invest in, as well as displaying the rates and terms applicable. You can, therefore, compare different options and decide what is best for your charity, and consider the appropriate spread of risk specifically for your charity.
For more information on this deposit platform, click here: https://www.cafonline.org/services-for-charities/charity-banking-investments/savings/charity-deposit-platform
