Savings For Good
Our Savings Accounts
In a Charity Bank ethical savings account, your money is a powerful force for good.
- Financial Claims Scheme
- APRA-regulated ADI
- AUSTRAC-registered DCE
- Certified B Corporation
- Global Alliance for Banking on Values
- ACNC-registered borrowers
Financial Claims Scheme
Your eligible deposits with Charity Bank Australia are protected up to A$250,000 per account holder under the Australian Government’s deposit guarantee, offered by the Financial Claims Scheme. For joint accounts each account holder is covered to that limit, making a total of A$500,000.
For more information on what this could mean for you, click here.
We have made changes to the Bank’s Terms and Conditions documents.
This includes references to support our upcoming Mobile Banking App, which will launch to our savers later this year.
For more information on all changes, follow this link.
Our ethical savings accounts
Our ethical savings accounts give you the ability to help create lasting social change in our communities.
Personal
Personal Easy Access Account
Our easy access account gives you the ability to save flexibly while your funds create demonstrable social impact in Australia.
Personal Notice Accounts
Our notice accounts range from 33-day to 93-day notice, to help make your savings work for charities and social enterprises.
Personal Fixed Rate Accounts
Our fixed rate accounts give you the ability to lock in your savings rate whilst making a social impact across Australia.
Business
Business Easy Access Account
Our easy access account gives you the flexibility to make an impact.
Business Notice Accounts
Our notice accounts range from 40-day to 100-day notice, to help make your savings work for charities and social enterprises.
Business Fixed Rate Accounts
Our fixed rate accounts give you the ability to lock in your savings rate whilst making a social impact across Australia.
Charities, Trusts & Clubs
Charities, Trusts & Clubs Easy Access Account
Our easy access account gives you the flexibility to make an impact.
Charities, Trusts & Clubs Notice Accounts
Our notice accounts range from 40-day to 100-day notice, to help make your savings work for charities and social enterprises.
Charities, Trusts & Clubs Fixed Rate Accounts
Our fixed rate accounts give you the ability to lock in your savings rate whilst making a social impact across Australia.
Credit Union
Credit Union Notice Account
Our 100-day notice account helps make your savings work for charities and social enterprises.
Credit Union Fixed Rate Accounts
Our fixed rate accounts give you the ability to lock in your savings rate whilst making a social impact across Australia.
Your eligible deposits with Charity Bank Australia Limited are protected up to a total of A$250,000 by the Financial Claims Scheme, the Australian Government’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. View and download the Charity Bank Deposit Guarantee Scheme: Information Sheet here. For further information visit www.fcs.gov.au.
Why our savers choose us
We understand our savers
Our values and ethics
Savings that make an impact
Australian based savings team
Award winning savings provider
Financial Claims Scheme protected
Green savings with Charity Bank Australia
Your reserves can do more with Charity Bank Australia. They can support projects where social purpose organisations are making real environmental change for their communities — solar panels on a community centre, retrofitted social housing, lower energy use and healthier places to live.
Learn more about green savings
Savings for good
Our ethical savings accounts give you the ability to help create lasting social change. Explore our full range of ethical savings accounts to find the right account for you.
View Personal Savings Accounts
Savings Document Library
For the latest Charity Bank Australia savings accounts documents, please click on the button below.
Savings Document Library
Discuss a savings account
Talk to our Australian based Savings Team about your needs.
Frequently Asked Questions
Are my savings protected by the Financial Claims Scheme?
Charity Bank Australia holds its own banking licence and is a member of the Financial Claims Scheme.
Yes. Your eligible deposits with Charity Bank Australia are protected up to the A$250,000 limit of the Financial Claims Scheme, the Australian Government’s deposit guarantee scheme. Any balance above that limit is not protected.
For joint accounts, eligible deposits are protected up to the A$250,000 limit for each account holder, making a total of A$500,000.
Please refer to our Deposit Guarantee Scheme: Information Sheet, or visit the Financial Claims Scheme website to check what is covered.
How do I operate my account?
You can manage your account online, and our Australian based Savings Team can answer any question directly by secure message. Sign in or register through online banking.
How does Charity Bank Australia support customers who need extra help to apply for an account?
We understand that a challenging situation, whether temporary or permanent, can make it harder to apply for and look after an account. Please refer to our Customer Support guidance, or contact us through online banking, should you need support before completing your application.
How do I make my first deposit into a new savings account?
Once we confirm by secure message that your account is open, you can fund it with one payment or several, by any of these methods.
- Electronic payment from your nominated account.
- Internal transfer of maturing funds, or of funds held in an existing Charity Bank Australia account.
Please quote your application reference number and surname as the payment reference, and make sure your bank passes the reference on, otherwise the payment may be returned to you without interest. You earn interest from the business day on which the payment reaches us.
Savings Account Statements
Click on the button to access information on when you will normally receive statements and how you can request ad hoc ones or set recurring dates to suit your needs.
Find out moreOur savings expertise
Our savings specialists manage deposits under APRA supervision, keep every account within the Financial Claims Scheme and answer your questions through the Support tab in Online Banking.
Priya Raman
Head of Savings
Priya looks after the savings range that funds every loan the bank makes, from personal accounts through to charity, club and credit union deposits. She came to Charity Bank from a mutual, where she rebuilt the way savers were told what their money was doing.
“Savers here want to know exactly where their deposits go. Answering that question clearly is the most useful thing my team does.”
Tom Whitlam
Head of Digital Banking and Crypto
Tom leads the online banking experience and the bank's digital asset services, which are registered with AUSTRAC. He has built payment and onboarding platforms for Australian financial institutions for fifteen years.
“Digital banking should feel calm and obvious. If someone has to read a manual to move their money, we have not finished the work.”
Meredith Okafor
Chief Executive Officer
Meredith has spent her career at the join between banking and the for-purpose sector, leading community finance teams before taking on her first chief executive role. She joined Charity Bank to build a lender that answers to the organisations it serves rather than to outside shareholders.
“A bank is only worth having if the money passing through it leaves communities better off. That is the test I hold us to every year.”
