At CCLA we manage the CBF Church of England Deposit Fund, the COIF Charities Deposit Fund and the Public Sector Deposit Fund on behalf of our clients.
These funds’ objective is to aim to offer a high level of capital security and a competitive yield to their clients. They primarily invest in certificates of deposit, but also utilise term deposits and notice accounts, all of which offer an interest rate in exchange for a predetermined holding period. The investments are allocated to banks and building societies that have undergone a thorough evaluation, resulting in their inclusion on CCLA’s approved list of financial institutions.
It is important to note that the cash funds do not own any shares in banks and building societies.