Features and benefits

Treasurers Trust

The Treasurer's Trust Account has been created specifically for treasurers of small clubs, societies and charities. Operated with a passbook, the Treasurer's Trust offers the convenience of instant access to your savings whenever you need them, without any charges. This account is not available to small businesses.

Here's what you get with a Treasurers Trust account ...

0.25% gross p.a./AER (variable)

Interest is paid twice a year on the 30 June and 31 December

Easy to deposit money

Pay in money in cash or by cheque at any Nationwide branch

For clubs, societies and charities

Created specifically for treasurers of small clubs, societies and charities

No withdrawal charges

No charge for any cash and cheque withdrawals

Unlimited withdrawals

Withdraw up to £500 in cash every day, or arrange additional withdrawals if needed. You can also withdraw up to £100,000 a day in the form of a cheque

Up to 4 account holders, age 18+

There can be up to 4 account holders, each must be at least 18 years old

Treasurers Trust is right for you if...

  • You're the treasurer of a small club, charity or society
  • You want an instant access account
  • You want to manage your account at a branch

Financial professionals who manage pension funds should consider our PortfolioInvestor account.

Jargon explained

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
AER includes conditional bonus (if applicable)
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).
Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change.

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Financial Services Compensation Scheme

Protecting your money

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Rates and information

Managing your account

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