Benefits of Saving With Us
Your Financial Partner For Life
Borrow and Spend Local
As a member of 1st Alliance Community Bank, you are supporting a local financial co-operative that has local people and local communities at the core of what it does.
Free Life Assurance
Savings in the Share and Summer account are insured at no direct cost to the member, giving you peace of mind.
Multiple Savings Accounts
Manage several savings pots under one account, making it easier to organise your money and track your goals.
No Hidden Fees
There are no hidden fees or transaction charges.
Easy to Save
Building savings is key to financial wellbeing.
Frequently Asked Questions
Everything you need to know
Our main account used for regular savings.
The Share Account is offered to members for their regular savings and can attract a dividend (minimum share deposit is £2 a week, £4 a fortnight or £10 a month).
It has the additional benefit of acting as security for the basis of loan applications. Which means shares cannot be withdrawn whilst being used as security for the loan.
Members can also be assured that regular deposits into their share account are covered by credit union insurance (terms and conditions apply).
With our dedicated Christmas savings account, you can save as you wish throughout the year.
Unlike our other savings accounts your savings will be ‘locked in’ until October. Members will then have access to their funds up until the last operational day before Christmas (two withdrawals permitted) when any deposits left in the account at this time will be locked in until the following October.
This is the ideal account for those looking to deposit throughout the year and relieve the financial pressure of the festive season.
This is your instant access account.
Save for a rainy day, well-deserved holiday, or a special event - the choice is yours.
Save regularly or when you have a little extra.
The adult (trustee) opening the account should be an existing member and provide the birth certificate, passport or young Scott card for the child. This account is free to open and run and is designed for young people to steadily build savings or for the trustee to save for the young person.
The trustee can withdraw money on the junior member’s behalf at any point. From the age of 14 onwards, the junior can withdraw money themselves with their trustee’s consent. After their 16th birthday, their account becomes an adult Shares Account.
