We know how difficult it can be to save, especially if you have borrowed for something you need or want. ‘Holding Saver’ helps you establish a habit of saving and ensures you have funds set aside for future needs. Saving while repaying helps you build habits that last, giving you more peace of mind.
At Derbyshire Community Bank, We have a special savings account called a Holding Saver. It’s not a typical savings account you dip in and out of — instead, it’s a secure place where money is held while it’s linked to your loan.
The Holding Saver is designed to support your loan. It ensures
Your repayments are processed smoothly.
Any linked savings (such as Save as You Borrow) are held securely until your loan is fully repaid.
You build up a small savings pot alongside your borrowing, which becomes available once the loan is cleared.
You make an agreed payment each week or month to cover your agreed loan repayment plus £3/week or £12/month is added to your ‘Holding Saver’ account. You cannot withdraw from the Holding Saver while the loan balance is outstanding. Your savings soon grow to at least £144 over a year.
| Save Each month | After 6 months | After 1 year | After 3 years | After 5 years |
| £12 | £72 | £144 | £432 | £720 |
| £40 | £240 | £480 | £1,440 | £2,400 |
| £100 | £600 | £1,200 | £3,600 | £6,000 |
Jessica borrowed £1,000 for a car repair. By saving £12 per month during her repayment period, she finished her loan with £144 in her savings account
Mark borrowed to finance home improvements. By the end of his loan, he had £300 in savings, which he used for Christmas shopping!
If you have any further questions or queries, you can easily send us a secure message via the app.
Our team will be happy to help.
