News

Office Reopen

Following emergency repair work, we are pleased to announce that the office reopened on 27th November. Office hours have now reverted to normal. We apologise for any inconvenience while this work was undertaken.

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Young Savers Interest Rate

For the year 2020/21 the interest rate for young savers will be 0.5% applying only to the first £3000 of share balances. The payment of interest to young savers is at the discretion of the Community Bank Board and is subject to available funds.

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Members Area Login Issues Resolved

We are pleased to say that the technical problem with the log in to the Members Area has been resolved. Members should be able to log in as normal. Anyone still having difficulties should contact the office by email (office@stalbanscommunitybank.co.uk) or by phone during office opening hours (01727 859135)

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London Colney Collection Point

Good news.  We have resumed our Collection Point at the London Colney council office on Tuesdays from 1 -1.30.

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Office Opening Arrangements August 2021

St Albans Community Bank’s new office at 55 Catherine street, St Albans is now open on Tuesdays, Thursdays and Saturdays between 10.00am and 12.30pm, and this will be reviewed further once demand has been assessed. We will however operate remote services, including the transfer of funds to bank accounts and to the Engage prepaid debit […]

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Provident Ceases Doorstep Lending

Provident, who also offered loans under the Glo, Satsuma and Greenwood names have ceased to offer any new loans, including new loans to their existing customers. St Albans Community Bank may be a useful alternative source of loans to qualifying former Provident borrowers. As a not-for-profit financial co-operative, owned and run by its members, we […]

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Junior Savers Interest Rate

At a recent Board meeting, the directors agreed that the interest to be paid on junior saver accounts for the year 2020/21 should be 0.5%, applied only to the first £3,000 of savings. The interest, calculated on savings over the year, will be added to individual accounts from the end of September 2021. The interest […]

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