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Cash in CAF accounts doubles in a year
By Helen Warrell, Third Sector Online, 20 August 2007
The money held in Charities Aid Foundation cash accounts has doubled from £125m to £250m in the past year.
The fixed-rate selector account, which was developed in partnership with the Birmingham Midshires bank, was set up to offer charities the financial security of a bank deposit with the guaranteed income of a fixed-interest investment. The annual equivalent rate is 6.43 per cent. Ron Green, senior manager of the charity...
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