At Beverley Building Society we’ve increased the interest rate on our Business Postal and Business Online Accounts
And as well as rewarding businesses with the new, improved rate, we’re also pledging to donate a proportion of new deposits to the Beverley Community Lift (BCL) transport charity.
The Society will donate 0.1 per cent of all new balances received by 31 December 2018 to BCL, up to a maximum of £3,000, helping the good cause, which, like us, operates from Beverley, to keep the wheels turning by funding maintenance work on its fleet of minibuses.
The charity helps elderly and disabled people – including some of the Beverley’s own customers Beverley and surrounding area, including Pocklington and Market Weighton – get out and about. For many, it is their only link to the outside world and provides them with friendship and a social outlet too.
Recently, it appealed for members of the East Yorkshire community to rally round after the enforcement of European Union rules for transport providers meant it had to relinquish the commercial contract income that supported its vital community work.
The Society’s business savings accounts represent part of our commitment to supporting – particularly local – businesses, in an environment where many struggle to make any return on their excess funds.
And the Society has added the BCL donation because we care deeply about supporting our local community.
We’re acutely aware that the current environment is a challenging one, particularly for smaller, independent businesses, not least because many business bank accounts pay little or nothing in interest, and often charge a monthly fee. We wanted to help a little by increasing the return businesses can achieve on any excess funds they have in their account.
Because of its situation, BCL needs urgent support to help it continue and we’re hoping that our pledge will go some way to encouraging other people in the community to get behind their appeal.
BCL is working on a strategy to overcome the impact of EU transport rules which mean it can no longer maintain the commercial contracts like school transport that have so far brought in vital income to sustain its community transport services.
Charity Chief Executive Jan Stainforth said: “We’ve been overwhelmed by the kindness and generosity people and organisations like Beverley Building Society have shown since we called out for assistance. We’d urge any companies thinking of opening one of their business accounts: ‘help us reach the maximum of £3,000, and reap rewards yourself at the same time!’.”
For full details of the Society’s new and improved Business Online and Business Postal accounts, click here, drop into our branch at 57 Market Place, Beverley, HU17 8AA or call (01482) 881510.
For more information about how you can support Beverley Community lift, visit their website or call (01482) 868082.