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Charity Bank celebrates triple award nomination

Former Best Buy Charity Isa recognised by IFS

Charity Bank has been shortlisted in three categories of this year’s Financial Innovation Awards, including the most promising new product award for its Charity Isa, a former Which? Best Buy.

Charity Bank logo

Charity bank uses depositors’ funds to lend to charities and community organisations

The awards, run by the Institute of Financial Services (IFS), that Charity Bank has been nominated for are:

  • Most promising new product for its Charity Isa
  • Most effective partnerships strategy for its work with regional development agency Yorkshire Forward
  • Most innovative customer experience programme for its Different Journeys initiative

Charity Bank Chief Executive Malcolm Hayday said: ‘The IFS awards are a key event in the financial industry calendar and to have this recognition by our peers is a tremendous honour. Being nominated is testimony to Charity Bank’s innovation and creativity, and to the work of the team.’

Why Charity Bank is different

Charity Bank is the only bank in the UK that lends solely to the charitable sector. The bank itself is also a charity and has enjoyed a 25 per cent growth rate in its balance sheet over the past year as consumers look for alternatives to big banks.

Charity Bank’s Charity Isa was a Which? Best Buy cash Isa earlier this year. Due to high demand the Isa had to be withdrawn, although the bank hopes to launch a new Isa in the near future.

To find the best cash Isa available today, check out our reviews of Which? Best Buy cash Isas.

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