Dana Partnership Reserve Account
Designed to meet the needs of organisations, this account offers a flexible way to save your reserve funds. This account is available as a high-interest cheque account or a 33 days notice reserve account. In partnership with Friends of the Western Buddhist Order, the funds are targeted for lending to the FWBO projects.
- This account is only available to organisations.
- You can open this account with £5,000 or more.
- Your funds are targeted for lending to FWBO projects.
- To achieve the best rate of return, a minimum balance of £5,000 must be maintained.
- This account is available on either an instant access or 33 days notice basis.
- Payments can be made out of the instant access account by standing order or Direct Debit.
- A cheque book is available on the instant access account.
- Interest is paid quarterly on 31 March, 30 June, 30 September and 31 December.
- You can chose to have your interest paid directly into your account or into another bank account of your choice, or you can donate interest to FWBO Preceptors’ College.
- Find out more about how to use your account .
- To open an account, simply fill in the Application Form.
If you have any queries, please call the Business Banking team on 0800 328 2181 (freephone).
Interest Rates
The interest rate on this account is set daily. You start earning interest on your account from the day we receive your funds. This is calculated on a daily basis.
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