Charities 'could earn more on savings'
Charities
4th March 2010
Many charitable organisations are missing out on earning money from their savings, it has been claimed.
This is the view of Fair Investment Company, which has launched a new service aimed specifically at charities to ensure that they can find a savings account that offers them the best return on their investment.
"Charities are often in the situation where they are holding onto donations that do not need to be spent immediately and can instead be deposited," the firm's commercial executive Gemma Screen explained.
She noted that such bodies could use online tools to help them achieve better rates of up to four per cent in some cases, with options available for fixed rate, notice and instant access products.
Those seeking a UK insurance policy for a charity or similar organisation may also be interested in the results of a survey published by Investec Private Bank earlier this year indicating that donations in the UK dipped by 9.7 per cent in 2009 compared with the previous year.
For more information on how Giles can help you insure your charity, Click here.
