There are many reasons to save with St Albans Community Bank, here are just a few.

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.

Your money is safe

as it is protected under the Financial Services Compensation Scheme and 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.

Great deal for Young Savers

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

Read More

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

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