Find out how to save with the Credit Union
Savings - 1st Alliance Community Bank

Why save with us?

Whether you’re saving for something in the future or just for a ’rainy day’, regular saving is a good idea.

Regularly saving with 1st Alliance Community Bank is an even better idea. With us, you are not just a customer; you are a member of a successful financial co-operative. Each and every £1 you save is equivalent to 1 share in your credit union. Members enjoy equal rights to vote (one member, one vote) and participate in decisions affecting your credit union. You will need to hold a minimum savings of £5 to keep your Share account activated.

We exist to serve our members and empower those on their journey towards financial well-being. That is why we offer non-contributory life insurance, covering your loans, shares, and summer, to keep you protected. With our online portal, you also have access to your shares and savings wherever you are, allowing you to take control of your finances.

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.

Easy to Save

Building savings is key to financial wellbeing.

Multiple Savings Accounts

With the Share account as standard, members also have access to a Christmas and Summer savings account.

No Hidden Fees

There are no hidden fees or transaction charges.

Free Life Assurance

Savings in the Share and Summer account are insured at no direct cost to the member, giving you peace of mind.

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 Which means shares cannot be withdrawn whilst being used as security for the loan.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.

How to join

How To Apply

It’s easy to join online or contact us to make an office appointment.

Online Banking Log In Register

Cash withdrawals of up to £100 are available. We then offer either a bank transfer or the option for a Pay Out Now code for your local Post Office.

If you would like more information please contact 1st Alliance Community Bank today.

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