“Over a year, this increase will provide around a quarter of a million pounds of additional income to support them in their great work.”
David Palmer, Chief Executive Officer
Epworth Investment Management Limited, the UK investment manager dedicated to serving the needs of Churches and Charities, today announces a further increase in the interest rate payable to investors in its Affirmative Deposit Fund for Charities (“the Fund”). The interest rate increased to 0.40% (previously 0.35%) from 1 March 2018, following an earlier increase in December 2017.
The Fund continues to provide a competitive rate of interest (the best in the market for a common deposit fund) and a high level of capital security. It is an effective way for charities to maximise returns on their short-term cash surpluses, while retaining same-day access to their money. Charities currently invest around £500m in the Fund.
David Palmer, Chief Executive, commented: “We are committed to supporting our church and charity investors in delivering their mission. Over a year, this increase will provide around a quarter of a million pounds of additional income to support them in their great work.”