Savings

We make saving easy!

You can open an account with as little as £1 and save as much or as little as you like, as often as you like, up to a maximum of £15,000. Here are the ways you can save:

  • Set up a Standing Order with your bank/building society.
  • Have Benefit Payments paid directly into your savings.
  • Via a Payroll Deduction Scheme – ask your employer if they have a scheme.
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FSCS Logo Top Right Image Bottom Left Image

Your money is safe

You can sleep easy at night knowing your money is safe and protected under the Financial Services Compensations Scheme.

You can withdraw some or all your savings at any time. It’s your money, so we make withdrawals as easy and quick as possible.

We, in common with other credit unions, can pay annual dividends rather than interest on savings. The payment of a dividend, if at all, depends on the amount of surplus money available. Details are decided after each financial year at the AGM, in the light of a recommendation by the Board of Directors. The payment of a dividend each or any year is not guaranteed.

LEARN MORE

Great deal for Young Savers

Young people (under 16 years) can be enrolled by parents/grandparents as Young Savers

“Saving just a small amount each week means that I can plan for the future”

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Our Hub

Keep up to date with our latest news, resources and financial wellbeing

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April 8th 2025
St Albans Community Bank Supports The Campaign To End Illegal Money Lending
St Albans Community Bank supports the efforts to catch illegal money lenders and eliminate this vile practice.
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April 1st 2025
Abbreviated Accounts for 2024
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April 1st 2025
Chair’s Report to 2024 AGM
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October 24th 2024
Beware the Money Monsters
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