Saving with social impact
We use every penny you save to help grow, develop and empower local communities.
When you save with us, you’re giving back and helping to create real wealth and opportunities in our communities.
Saving doesn’t just feel good. It does good, too!
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.
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With our members’ help, we can support local communities, organisations, groups and charities and improve local economies through our foundation.
The foundation has 5 core aims and meets quarterly to decide, plan and implement the foundation’s core aims.
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
Choose your perfect account
Instant Access Saver
What is it?
A regular monthly savings account.
Reason to choose it
You need a simple and straightforward way to save regularly with instant access.
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A fee-free regular saver account with a minimum balance of £1 and a maximum balance of £45,000.
Same-day access before 3 pm excluding weekends & bank holidays.
Christmas Club
What is it?
A regular monthly savings account.
Reason to choose it
When you don’t want to pay for Christmas on an expensive credit or store card and you want to make plans now.
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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 Account
What is it?
Save regularly and build a regular payment history with us.
Reason to choose it
Build a payment history by savings regularly and then borrow up to 3x your savings with a guaranteed loan at the end.
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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. This helps us see you can make regular payments, it builds your savings and you’ll get a guaranteed loan at the end up of up to 3x your savings.
Ethical Cash ISA
What is it?
A regular monthly or lump-sum transfer savings account.
Reason to choose it
A medium to long-term 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
What is it?
An ‘always fee-free’ account for small community groups and organisations.
Reason to choose it
If you’re a community group that needs an account number and sort code to make and receive payments.
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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.
Junior Saver
What is it?
A regular monthly savings account.
Reason to choose it
You want to build up a medium to longer-term child savings balance to help secure a great start in life.
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A medium-term regular saver with a minimum balance of £1 and a maximum balance of £10,000. The account is instant access.
Not sure what account is best for you?
Call 02392 827980 and speak to a friendly member of staff.
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
Download the membership terms and conditions
