Share 1 – This is your main account, there must be a minimum balance of £1 to keep your membership active.
General savers – (legacy account, will be transferred to Share 1 account) This is a savings account you can access all year round, with no limit on the amount of withdrawals, and just a £1 minimum balance to keep the account active.
Christmas Savers – This is a locked savings account where you can only withdraw funds from 1st October – 31st January.
Goal Saver – open an account in the App, create up to ten ‘pots’ for your saving goals: holiday, new car, new home, home improvements. Create a name for each of your saving Goals and choose an icon to remind you what you’re saving for!
When you join and make your first deposit your Share 1 account is created for you. Use the App or internet banking to open a Christmas Saver or Goal Saver account.
Did you know you can grow your savings while repaying a loan? At Derbyshire Community Bank, our Save While You Repay scheme is designed to help you achieve financial security effortlessly.
You make an agreed payment each week or month, and a small part of this is added to your ‘Holding Savers’ account. You cannot touch the savings while you have a loan, but you will have saved a small lump sum when you have finished paying it back. You are welcome to increase your savings amount beyond the minimum required, further enhancing your financial security.
We know how difficult it can be to save, especially if you have borrowed for something you need or want. ‘Our Save as you Borrow’ helps you establish a habit of saving and ensures you have funds set aside for future needs.
Here at DCBank we are blessed with individuals and organisations who deposit £1,000 or more, enabling us to lend to people in our community who may be financially excluded. These deposits enable us to lend to and support many more people.
That’s why we call these Members our Angel Savers; they are here to support our community, not for financial gain.
You can only withdraw Christmas savings between 1st October – 31st January.
From January 31st to October 1st. The Christmas saver is locked and you can deposit funds into your saver to get yourself ready for Christmas!
You can withdraw from your Share 1 savings anytime either via our app.
Yes they are. DCBank is authorised and regulated by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered number 432447. Registered Company No. IP00730C on the Mutuals Register.
We are also part of the Financial Services Compensation Scheme (FSCS). This means that eligible savings held with us are protected up to a total of £85,000 per customer. Read our FSCS information sheet here.
