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Deposit Accounts

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:

• 3 month notice account at Bank of England Base Rate minus 1.0%. 
• 1 month notice account at Bank of England Base Rate minus 1.75%
• 7 day notice account at Bank of England Base Rate minus 3.0%.

The 1 Year Fixed Interest Deposit Account has been temporarily suspended pending a review of rates and accounts.

Please note that all rates are subject to regular review

PLEASE NOTE
These accounts are only available to:

• BUGB member churches that are up to date with their annual membership subscriptions
• Organisations that are associated to BUGB.

Please read the relevant Terms and Conditions below before applying to open an account.
Minimum deposit for all accounts is £1000.
Churches are encouraged to use an electronic payment method as we are currently experiencing delays when processing cheques.

TO OPEN A BAPTISTS TOGETHER DEPOSIT ACCOUNT please download an application 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 withdrawal form which is available in Word and PDF format.
Deposit Withdrawal Form (Word)
Deposit Withdrawal Form (pdf)

END OF ONE YEAR FIXED TERM DEPOSIT / TRUST ACCOUNT. Towards the end of the fixed term a letter will be issued requested completion one of the following forms:
End of Fixed Term - Trust Account
End of Fixed Term - Deposit Account

AUTHORISED SIGNATORIES please download and complete this form to provide us with details of signatories relating to an existing deposit account
Authorised Signatories Form (pdf)

TERMS AND CONDITIONS
General Terms and Conditions
Specific Terms and Conditions relating to the 7 day notice account
Specific Terms and Conditions relating to the 1 month notice account
Specific Terms and Conditions relating to the 3 month notice account
Information about operating your account(s)
Ethical Investment Policy