New Savings Accounts for Town and Parish Councils: A Safe and Efficient Solution for Surplus Funds

Hinckley & Rugby Building Society has launched new savings accounts designed specifically for Town and Parish Councils, offering a secure and efficient solution for managing surplus funds.

These new accounts address common challenges councils face, such as simplifying the account opening process, providing flexible withdrawal protocols, and easing the management of authorised signatories. They also offer a broader selection of savings options with competitive interest rates, all without any account fees, ensuring councils can maximise returns while minimising administrative burdens.

Danny Cranie, Chief Customer Officer at Hinckley & Rugby said: “Town and Parish Councils play a crucial role in local governance, and it is essential that they have access to financial products that cater to their specific needs.”

“We are proud to introduce these savings accounts, which address the pain points that hinder efficient financial management for councils. Our goal is to support Parish Councils in their mission by providing a secure, flexible, and profitable home for their surplus funds.”

Hinckley & Rugby Building Society is a long-standing supporter of local communities, and we provide a variety of easy access and notice accounts to meet the savings needs of all organisations. Specifically, our deposit accounts offer a safe place for charities and businesses to keep and grow their reserve fund.

We continue our commitment to positive impact through these new offerings – local councils across the UK can now access these accounts. For more information, view the new Local Council savings accounts online, contact the customer services team directly on 0800 434 6343, or email customerservice@hrbs.co.uk.