SAVINGS & LOANS

Why YOU should join FAIRshare
FAIRshare is a non-profit making ‘community bank’ for savings and loans exclusively for anyone who lives or works in the Borough of Telford & Wrekin, Broseley and Much Wenlock. Junior Accounts are also available for children and can be opened on their behalf from birth.

As soon as an adult opens a FAIRshare account they become a member as well as a shareholder in the company. Regular savings create a ‘pool of money’ which is used to provide low cost loans to members - from as little as 1% per month (12.68% APR) which is significantly less than other lenders.

What else makes us different?
Unlike high street banks and building societies we DON’T carry out any credit checks before we will let you open an account. We DON’T allow any previous CCJs - bankruptcy or insolvency - to prevent you from joining. And we DON’T charge for any of the services we provide. All we DO ask is that you pay a one-off membership fee of £5 when you open your account and save a regular amount each month.

You can add to your savings at any time - by payroll deduction from your salary, standing order from your bank account, in person at any of our branches, by direct transfer from your pension, housing allowance or other benefit payments or by using your FAIRshare PayPoint card. You can also take out your money at any time - either in person at any of our branches, by phone or via email - whichever suits you.

Click to find out how to join.