The Acorn saver is available for all members of Acorn community bank who are 18 years old and above.
The account will be owned by the member. Deposits into the account can be set up by standing order or a bank transfer. Start your savings journey with us and get rewarded with a bonus.
Save £4/£8 per month for 3 months and we will match your savings total as a reward.
Save and watch your savings grow
|Month 1||Month 2||Month 3||Total Savings||Bonus||Total Pay-out by 10th of the following 4th month|
|£4||£4||£4||£12||£12||Savings + bonus |
(£12 + £12) £24
|£8||£8||£8||£24||£24||Savings + bonus |
(£24 + £24) £48
- Your money helps others in your community with fair and affordable loans
- You can withdraw money, if you need
- All transactions with your savings account are online
- Savings protected under the FSCS scheme
To open your Acorn Saver account email us at email@example.com
To make a deposit please set up a standing order or make a bank transfer, below are the details you will need:
Wiltshire and Swindon Credit Union Ltd
Account number 04242184
Sort code 30-97-41
Please make sure that your payment has a bank reference ‘1234 ACORNSAVER’ ,(1234 being your Acorn membership number)
- Save a minimum £4 per month regularly over three months.
- Save a maximum of £8 per month regularly over three months.
- Account balance qualifies for dividend.
- ‘Bonus will be forfeited in the event of early withdrawal, and if regular deposits and minimum balance requirement is not met.’.
This account is available only to members of Acorn Community Bank, once during their membership.
Members will have to maintain the minimum balance and not withdraw funds for three months to get the bonus.
When members open the Acorn Saver, they will be asked to nominate a Beneficiary (normally next of kin) who can claim the money in their account easily in the event of your death.
Financial services compensation scheme
All accounts benefit from our participation in the Financial Services Compensation Scheme (FSCS).
The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. All depositors with the credit union are covered by the scheme.
This scheme is supported by the England Illegal Money Lending Team (IMLT). The money you receive in bonuses has been recovered from the illegal activities of loan sharks, who create debt misery for many people in our communities. If you would like to find out more about the activities of the team, or if you would like to (anonymously) report a loan shark, please visit their website at Stop Loan Sharks.