Food Saver
Helping you stretch your money
We know that small savings can go a long way -especially when it comes to feeding your family. That’s why we have launched our Food Saver, a simple and supportive way to build savings with a little extra reward at the end. The Food Saver is designed exclusively for Acorn members who are also part of a participating Food Club or Pantry. It helps you build a savings habit while being rewarded for your efforts.
Start saving today! It all adds to something good.
| Monthly deposits | Total savings | Additional bonus | Total balance |
| £5 | £15 | £15 | £30 |
The table shows the bonus pay-out at the end of the Food Saver term of 3 months. The below bonus is based on regular payments of the stated amount per month and no withdrawals until bonus is paid. Deposits must occur over three consecutive months . The bonus paid is a fixed amount of £15 matching the savings commitments to all qualifying accounts.
Core benefits of Acorn Saver
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Get rewarded for saving
Save regularly and earn a bonus.
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Build good saving habits
Start small with monthly deposits and watch your savings grow.
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Open to all members 18+
Open to all Acorn members who are 18+ and also members with any participating food collective.
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Simple, secure & protected
Your savings are safeguarded under the Financial Services Compensation Scheme (FSCS) up to £85000 in case of any unexpected financial troubles.
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Online services
Easy to manage your account through our user-friendly Acorn App.
Core information
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Terms & Conditions
Only available to members of Acorn Community Bank & a participating food collective.
Regular fixed deposits have to be made over 3 months. No withdrawals allowed.
If withdrawal is requested account will be closed.
A member who currently has a loan in arrears is not eligible to open a Food Saver.
Only one account can be opened per member throughout their membership.
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Product Features
Available to all Acorn members 18 years and over, who are also members with a participating Food Collective.
Account can be opened by completing a form or can be requested in branch / over call / email.
Account can be managed via our online Acorn App.
All savings are protected under the FSCS scheme.
Bonus will be paid by the 10th of the 4th month to all qualifying accounts.
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Product Information
Account requires regular fixed deposits of £5 per month for consecutive 3 months.
Deposits can be made via standing order, bank transfer or benefits deductions.
No withdrawals are allowed during the account term. Bonus will be forfeited in the event of a withdrawal.
Bonus will be paid to all eligible accounts and the balance will be transferred to your shares account and the Food Saver will be closed.
Why save with Acorn?
At Acorn, we prioritise building financial stability for all our members through regular saving.
- Your savings are ethically invested and directly support your local community.
- FSCS guarantee means your savings enjoy protection up to £85000.
- When Acorn makes a profit, your savings earn dividends.
- By saving you build a relationship with us, making it easier to access loans when needed.
- You can conveniently receive benefits like Child Benefit, Universal Credit, or PIP into your account, simplifying your income all under one place.
- Our app and online services give you easy access to your funds.
Start saving with Acorn Community Bank today, contribute to your financial stability and support your local community.
If you’re looking for extra financial support beyond your savings or need help managing unexpected expenses or planned costs, explore our ethical and affordable loan options.
To learn more about how Acorn Community Bank supports you on your journey to financial well-being, explore our Support Area.
Deposits
To make a deposit into your Food Saver, simply set up a standing order or make a bank transfer. If your CHB comes directly to us, you can request deductions from there directly via email. Below are the details you will need:
Account Name:
Acorn Community Bank
Account Number:
04242184
Sort Code:
30-97-41
Please make sure that your payment has a bank reference ‘Food 1234’, (1234 being your Acorn membership number)
If you are not already a member, join Acorn Community Bank today and start saving.
If this is not quite the savings option for your financial needs. Visit our main savings page to explore options tailored to suit you. If you’d like to discuss your needs, our friendly team is here to help—just email us at office@acorncb.co.uk.
Apply for a Food Saver
If you’re not already a member
App download
Managing your finances should be simple and accessible. Our user-friendly Acorn mobile app puts you in control.
1. Easy account management:
You can access and manage your account from the comfort of your home. Check your savings balance and transfer money between your savings account on the go.
2. Quick withdrawal:
Online withdrawal requests made via the app are processed faster than traditional phone or paper requests.
3. Enhanced security:
The Acorn app is equipped with PIN protection, ensuring your information remains safe and secure.
With the Acorn App, you can enjoy a convenient and secure way to manage your savings and take control of your finances. Download the Acorn app today and experience the convenience of banking at your fingertips.