Churches in membership of the Baptist Union of Great Britain with savings and reserves are encouraged to lodge these in a Baptists Together Deposit account.
These accounts, provided by the Baptist Union Corporation Limited, offer a competitive rate of interest on deposits. They also provide funds which are used to make loans to finance the purchase of new church sites and manses, fund the construction of new churches and redevelopment and improvement projects. Such projects help churches to develop their mission in their community and so this is a fantastic way for churches with surplus funds to support mission across the Baptist family. You can read stories of churches which have been helped by a loan here.
CURRENT RATES AND ACCOUNTS
We have three different deposit accounts available
1 year Fixed Rate Deposit Account at 1.25%
3 month notice account at 1.1% (0.35% above Base Rate)
7 day notice account at 0.85% (0.1% above Base Rate)
Please note that all rates are subject to regular review
Interest rates were increased on 6 August 2018 following the increase in the Bank of England Base Rate on 2 August 2018
These accounts are only available to BUGB member churches who are up to date with their annual membership subscriptions.
Please read the relevant Terms and Conditions below before applying to open an account.
TO OPEN A BAPTISTS TOGETHER DEPOSIT ACCOUNT please download an aplication form which is available in Word and PDF format.
Deposit Application Form (Word)
Deposit Application Form (pdf)
TO WITHDRAW MONEY FROM YOUR BAPTISTS TOGETHER DEPOSIT ACCOUNT please download a witdrawal form which is available in Word and PDF format.
Deposit Withdrawal Form (Word)
Deposit Withdrawal Form (pdf)
TERMS AND CONDITIONS
General Terms and Conditions
Specific Terms and Conditions relating to the 3 month notice account
Specific Terms and Conditions relating to the 1 Year Fixed Rate account
Information about operating your account(s)