“We are committed to supporting our church and charity investors”
David Palmer, Chief Executive Officer
5 December 2017 – Epworth Investment Management Limited, the UK investment manager dedicated to serving the needs of Churches and Charities, today announces that its Affirmative Deposit Fund for Charities (“the Fund”) will pay an increased interest rate of 0.35% (previously 0.30%) from 1 December 2017.
The Fund provides 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. I am delighted that Epworth is in a position to increase the Fund’s interest rate, which will provide some additional money to help our investors in delivering their mission.”