Saving With Purpose
Every pound you put away helps power local people, projects and possibilities.
Why start saving with us?
Save with us, and we’ll make your community and ethical goals happen
If you want your money to do some good, you usually face a choice. You can donate to a charity, invest for a financial return, or leave it with a high street bank to sit on.
On your own, it is hard to create lasting local change, and it’s not easy to see what difference your money makes. Saving with a community bank solves that problem. Your savings are pooled with thousands of others, which allows the bank to lend fairly to local people, fund grassroots projects and keep your savings working.
Open A Risk-Free Savings Account
Open a savings account with us and we’ll use your money where it can make a difference.
Key information
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We offer targeted dividends on our accounts. This is different to interest. Dividends are like ‘profit-share’ and are dependent on the bank's performance.
Our dividends are ‘targetted’. This means it is projected at a rate we feel is very likely to be a minimum payment. We review these dividend projections quarterly. They are not guaranteed.
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Our investment risk attitude is classed as ethical-cautious. We invest in a better society. We only invest in ethical funds that have social impact.
A ‘direct’ investment is where we directly invest money into a social goal set by our members and board.
An ‘indirect’ investment is where we invest in other financial institutions that align with our social goals.
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You must be a UK resident of 18 years of age or over (excluding junior accounts). Your credit rating has no impact on your ability to open a savings account with us.
You can open or close an account with us at any time with no fee and close your account with no penalty.
Individual deposits up to £85,000 are protected by the Financial Services Compensation Scheme (FSCS).
Choose your perfect account
Prize Draw Saver
An Instant Access Saver, where saving as little as £1 per month puts you in the draw for monthly prizes.
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An instant access saver but with a difference. Save from just £1 per month and you could be a Prize Draw winner. Minimum balance of £1 and a maximum balance of £45,000.
Same-day access before 3 pm, excluding weekends & bank holidays.
Christmas Club
A regular saver, when you don’t want to plan for Christmas and make it easier on the pocket.
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A regular saver account which pays out annually on 1st November.
Minimum balance of £1 and a maximum balance of £10,000. The account is instant access.
Save To Borrow
Save regularly and build a regular payment history and then borrow up to 3x your savings.
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If you have struggled to get a loan, you can start saving and build up a regular payment history with us. You’ll get a guaranteed loan at the end of up to 3x your savings (subject to status) and a 10% AER bonus as a reward for saving.
Cash ISA
A zero-risk and tax-free way to save in an ethical and community-focused way.
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An Individual Savings Account (ISA) is a tax-efficient way to save and support local communities.
This is a flexible ISA and withdrawals are permitted without affecting the target dividend.
Community Group Account
An ‘always fee-free’ account for small community groups and organisations.
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A community group deposit account. It is specifically designed to help small local groups and organisations open a bank account so they can receive grants and donations and make BACS payments.
The account also allows same working day transfers in and out of the account by bank transfer.
This is not a business account.
Need help?
Not sure what account is best for you?
Why not call 02392827980 and talk to a friendly member of staff.
Need more information?
Why not open up this article to find out more about us and our savings accounts
Individual deposits up to £85,000 are protected by the Financial Services Compensation Scheme (FSCS). The £85,000 limit relates to the combined amount in all the eligible depositor´s accounts.