The CBF Church of England Deposit Fund

Deposit rate tracker

Latest rate

As at 16 Dec 2024 4.6000% (4.6800% AER)
For balances over £15m 4.7% (4.7835% AER)

Historical rates

Key facts

Launch date
May 1958
Minimum initial investment
Nil
Minimum subsequent investment
Nil
Dealing day
Daily (instructions must be received by 9.30am)
Withdrawals over £5 million
We reserve the right to be given seven days’ notice

Fund overview

About the fund

The fund aims to provide a high level of capital security and a competitive interest rate. It is an actively managed, diversified portfolio of sterling denominated money market deposits and instruments.

Sustainability approach

We believe that the primary role of sustainable investment is to drive positive change and this is best achieved by pushing companies to do more to address the major challenges facing us today. The fund is managed in line with our sustainability approach for cash funds.

The FCA has introduced sustainable investment labels to help investors find products that have a specific sustainability goal. This product does not have a UK sustainable investment label because it does not have a sustainability goal.

Read our summary of SDR, the investment labels and our overall approach. Fund-level information can be found here.

Investment approach

The fund will principally invest in sterling denominated call accounts, notice accounts, term deposits and Money Market Instruments, but may invest in other assets, which may be either liquid or illiquid in nature.

Who can invest?

Any church trust with objects connected with the work of the Church of England may normally invest in the fund. This can include parochial church councils, benefices and deaneries, bell ringers and Mothers’ Union. The fund is available to Church of England schools and educational establishments as well as any other Church of England related organisation.

If you are unsure whether you can invest in the fund, please contact Client Services.

Fund documents

For Diocese use only

Ready to invest?

We're delighted you've chosen to invest with CCLA. Get the process underway by downloading our application form.

Whether you are a new investor to CCLA or topping up an existing account, please ensure that you read the fund’s scheme information and key information document (KID). The KID can help investors understand the nature, risks, costs, potential gains and losses of the fund, and compare the fund with other products.

Looking for other documents? Click here to visit our client documentation page.