Your eligible deposits with Methodist Chapel Aid are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the £85,000 limit are not covered.
Methodist Chapel Aid
Helping you for over 120 years
For over 120 years Methodist Chapel Aid Ltd has made loans to Trustees
at the lowest practicable rates of interest as well as providing
a secure home for savings. The rates of interest offered on these
products vary but have always been competitive. It is the Company's
policy to maintain stability in interest rates, but this depends
to some extent upon the Bank of England base rate.
We are a small friendly team however you decide to contact
us you can be assured of personal attention at all times.
Ethical Investing policy
Company's policy statement on ethical investing reads as follows:-
"It is the Company's policy to move towards an equities portfolio
of investments in companies which are seeking to address their environmental
and social responsibilities alongside their economic responsibilities.
The Company will not invest in companies which are substantially
involved in tobacco, gambling, alcohol, the arms trade, oppressive
regimes, pornography, intensive farming, and/or activities which
infringe basic human rights.
The Company will not invest in companies which are mainly involved
in animal testing of cosmetic or household products, and/or in activities
with a harmful ecological impact.
Within the framework of sustaining its capacity to make loans to Church Trustee bodies and others at the lowest practicable rates of interest the Company intends to give encouragement to environmentally friendly actions, and as far as possible to reduce its involvement in environmentally detrimental actions."