Saving with FAIRshare

A Secure Home for your Savings

Straightforward Savings Accounts

Why save with FAIRshare?

Saving money regularly helps protect you from unexpected financial pressures and helps you manage your money more effectively.  Regular savings soon build up to buy that special present, a holiday or to help with one of life’s emergencies.  Saving regularly helps spread the cost of special occasions like Christmas, holidays and birthdays -saving just £5 a week, would give you £250 at Christmas.

A FAIRshare Christmas Saver Account will enable you to save regularly to give you greater peace of mind at Christmas. 

Saving with FAIRshare gives you –

  • Straightforward saving accounts  – it’s so easy to save with FAIRshare.
  • Flexibility – regularly save as much or as little as you want, from just £1/week or £5/month.
  • Easy access & no charges or limit on the number of times you can withdraw your money.
  • Fair, manageable loans, with flexible repayments and no penalties.
  • Poor credit history?  No problem – we do not carry out any credit checks before opening an account.  Previous CCJs, bankruptcy or insolvency do not prevent you from  joining FAIRshare.
  • Safe and secure – your savings are protected by the Financial Services Compensation Scheme.
  • An ethical way to save –  we are not for profit and do not pay huge bonuses or salaries.
  • FAIRshare is a member owned financial co-operative owned by and run for the benefit of our members.

Paying money into your FAIRshare savings account is easy…

  • Set up a regular standing order
  • Bank transfer – please quote your FAIRshare membership number & surname as the reference
  • Payroll savings – if offered by your employer
  • Pay benefit payments directly to your FAIRshare account

Engage VISA Debit Card & Current Account

FAIRshare members can apply for an optional Engage Debit Card. Engage Cardholders “load” or transfer money from their FAIRshare account onto their Engage Card. The card can then be used to buy goods or services in store, online or over the phone – just like a debit card.  You can also withdraw money from cash machines or via cash back at major supermarkets.

You can only spend what you have loaded on your Engage Card, so there is no risk of going overdrawn – perfect for budgeting and managing your finances. * Small monthly fee for the Engage VISA Debit Card.

Dividend Payments

Dividend Payments

When adults join FAIRshare, their membership means they become a shareholder, and any profits made may be returned to members in the form of a dividend, as a reward for saving regularly. This will be a percentage of the amount saved with FAIRshare over the financial year.

At FAIRshare’s Annual General Meeting in March 2023, the Board of Directors put forward a proposal on whether a dividend can be paid based on its financial performance up to 30 September 2022. It was decided that, due to the difficult financial climate, it would not pay a dividend to its members for the last financial year. The decision for the current financial year will be made in the Spring of 2024.

Just like any bank or building society, FAIRshare is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.  Our members’ money is also protected by the Financial Services Compensation Scheme(FSCS), currently to the value of £85,000.

FAIRshare is a not-for-profit community bank which has served the county for over 28 years. It’s great to be part of the credit union community – locally, nationally and worldwide!

We’d love to hear from you.

Do you have a question about FAIRshare services? Our team is ready to answer all your questions.