Savings

Castle Community Bank was created to give everyone an ethical option for their savings. However you want to save Castle Community Bank have a product to suit your needs.

 

 

 

 

  FSCS Protected

Savings accounts offered by Castle Community Bank are protected by The Financial Services Compensation Scheme (FSCS) up to a value of £85,000 per person.

Learn more

  Save up to £35,000

Save up to £35,000 with no fees or charges.

Our current rates

  Apply online

Select the product thats right for you and apply online through our trusted partners at My Community Finance. They will help to set up your account with us.

Apply through our partner

Our credit union network

Castle Community Bank is part of the Community Finance Network which is network of Credit Unions offering ethical financial products. Credit unions offer the same financial products as banks, but we want to encourage and build financial wellbeing for our members.

Learn more about the network

Frequently Asked Questions

How do I open a savings account?

You can apply online through My Community Finance. To open an account, you must:

  • be at least 18 years old
  • be a UK resident (excluding residents of Isle of Man and Channel Islands)
  • have a UK sort code and account number
What is a Credit Union?

Credit Unions are not-for-profit mutual organisations that are owned by the people who use their services. This means each customer is a member and owns an equal share in the credit union.

Why is there eligibility and membership criteria?

Every member of the Community Finance Network has a membership structure as they are Credit Unions.

You’ll need to meet one of the following membership criteria to be able to save with them:

  • being a member of an applicable trade union or association (e.g. Coop, National Trust, The Catholic Church, Church of Scotland etc.)
  • having an occupation that matches the membership requirements
  • sharing a household with an existing member of Castle Community Bank.

You can read through the membership requirements here.

Where are my savings held?

Your savings account is with Castle Community Bank. This means your money is held by us and your savings are protected by The Financial Services Compensation Scheme (FSCS) up to a value of £85,000 per person.

Protection for your money

The money you deposit with Castle Community Bank is protected by the Financial Services Compensation Scheme (FSCS) up to a total of £85,000 per customer.

Visit the FSCS website to learn more.

Got a question for our team?