Mydeposits customers have in three months donated over £66,000 of interest to the youth homelessness charity Centrepoint. 

“We know that times are tough for many renters at the moment, so we’ve been astounded by their generosity. The substantial sum raised in such a short period of time far exceeds our expectations and we would like to extend our sincere thanks to everyone who chose to donate the interest on their deposit. Every penny of this money has been donated to our chosen charity, Centrepoint, and we are delighted that these donations will be helping to fund their vital work supporting homeless young people on their journey towards independence and achieving their full potential” says Mydeposits chief executive Eddie Hooker.

“We were so delighted when mydeposits launched this amazing initiative to collect donations for Centrepoint. The amount raised in such a short period of time has completely blown us away! We’d like to offer our heartfelt thanks to every mydeposits customer who donated their interest – big or small. Your generosity is instrumental for homeless young people we support. Thanks to your donations, we can help many more to live safe, independent and fulfilling lives” adds

Michael Winehouse, Centrepoint fundraising chief. 

If a tenant’s deposit is held with mydeposits in their Custodial deposit protection scheme, after 182 days the tenant will earn interest on it. This means that at the end of their tenancy the tenant might receive interest in addition to getting their deposit back.  

Centrepoint supports thousands of vulnerable young people every year by providing accommodation, teaching valuable life skills, tackling their physical and mental health issues and working with them to get them into education or employment. The Freephone Centrepoint Helpline is available for any young person aged 16-25 worried about homelessness. It is open Monday to Friday from 9am to 5pm. And the Centrepoint Helpline number is: 0808 800 0661