Natwest Charity Bond 1 review
The NatWest charity bond is more like a fixed term savings for charities. It is available especially to registered charities and non-profit organizations, the Charity Bond pays a certified rate of interest and bonus interest if you renew your deposit.
What Are The Benefits Of The Natwest Charity Bond?
The NatWest charity bond is the most beneficial for you if you wish to save for a fixed term for some charities. You get guaranteed returns. In spite of what happens to the interest rates, you get guaranteed returns on your savings. you need to save a minimum of £ 10,000 and the maximum amount you can save is up to £ 5 million. You get the benefits of tiered interest rates, since the rates are related to money market rates. This denotes, that larger the savings, higher the returns.
The period of saving is also on your choice. Whether you wish to save for 3 months, 6 months or 12 months. It is very dependent on your convenience and suitability. You also get additional bonus with the Natwest Charity bond. This is a bonus especially for our loyal customers. When you reinvest your savings with us even after your bond matures, then you get additional bonus from us! There are no penalty break clauses. This means, that if you suddenly need emergency funds to meet the charity’s main cause, then we shall apply the no-penalty break clauses!
Moreover, there is no limit on the number of bonds you can hold. At any point of time, your organization can have any number of bonds, as many as you want.
You can withdraw any sum immediately and without charge if you need it for an unexpected event that supports the charity’s main objective. Non-qualifying closure of the bond may incur interest charges.