Make a big difference helping others in Essex
How can I help?
If you feel strongly about people getting into debt through high interest loans you can do something about it now with Essex Savers, a co-operative providing local ethical banking services.
You can really make a big difference to your local community simply by providing capital for the bank to loan to those people who most need it.
"Project 250" is a campaign to encourage 250 people living or working in Essex to transfer £1,000 or more from their existing accounts to Essex Savers to grow its working capital and help more people.
What can I do?
Open an account with Essex Savers and transfer £1,000 or more from your existing savings.
Is it safe?
Yes. Essex Savers is fully regulated in the same way as any high street bank by the Financial Conduct Authority and the Prudential Regulation Authority and guaranteed under The Financial Services Compensation Scheme (FSCS). Pay in and withdraw your money whenever you want.
Is it fair?
Essex Savers net Credit Union is a local ethical co-operative providing fair finance for all. A real alternative for local people in crisis to avoid paying the high interest rate of some predatory lenders who charge over 2,000% APR.
What's the deal?
With Essex Savers people save as little or much as they can in a lump sum or regular instalments. They can then borrow money when needed – typically between £100 and £1,000 often to cover emergencies – and pay interest at as little as 1% a month. This way temporary money problems don’t spiral into debt. Budgeting advice is also provided.
What's the cost to me?
The account doesn't pay any interest on deposits - but against the 1% to 3% it's earning for you now before tax is deducted – it is perhaps a price worth paying to help others?
What do I do next?
Open an account with Essex Savers and transfer £1,000 or more from your existing savings. The simplest way is to download the application form by clicking the button below.
Savings account balance - minimum (for Project 250) £1,000, maximum £15,000.
You really are making a big difference to your local community simply by providing capital for Essex Savers to loan to those people who most need it.