At Northern Community Bank, we believe in the power of saving to build financial resilience and peace of mind. That’s why we’re excited to support UK Savings Week, taking place from the 9th – 15th of September 2024.
Whether you’re already saving regularly or just starting out, this is the perfect time to think about how saving can help you take control of your finances and reach your goals.
Why save?
Having savings set aside can provide a safety net for unexpected expenses. It can give you more confidence in your financial future, and help you achieve your dreams. Whether that’s planning a holiday, making some home improvements or buying that dream car.
It doesn’t matter how much or how little you can save—what’s important is getting into the habit. Every little bit adds up over time and having that cushion can reduce stress and provide security when you need it.
How Northern Community Bank can help
At Northern Community Bank, we offer a variety of savings accounts to help you make the most of your money. Our accounts are easy to manage, with no hidden fees or penalties, so you can save at your own pace. Your savings are also protected by the FSCS up to £85,000 – so they are safe and secure.
By saving with us, you’re not only securing your own financial future—you’re also supporting your local community. As a community bank we’re owned by our account holders. This means the money you save helps provide affordable loans to others in the community.
Tips to boost your savings
Here are a few simple tips to help you get started or give your savings a boost during UK Savings Week:
- Set a goal: – Whether it’s for a rainy-day fund, a specific purchase, or a future project, having a clear goal can motivate you to save.
- Create a budget: – Track your income and expenses, then set aside a small portion each week or month for savings.
- Automate your savings: – Set up a standing order or automatic transfer into your savings account so you don’t have to think about it. If your employer is part of our Payroll Plus Scheme, then you can have the money taken straight from your wage into a savings account of your choice.
- Review your spending: – Look for small ways to cut back on non-essential spending. Even a small reduction can free up more for savings.
- Start small: – Even if you can only save a little each week, it’s better than nothing. Over time, your savings will grow.
Join us for UK Savings Week
We encourage all our account holders to take part in UK Savings Week to see how you can improve your financial wellbeing. Whether you’re saving for a big goal or just looking for peace of mind, we’re here to help you every step of the way.
Visit our website or contact us to learn more about our savings accounts and how we can help you build a brighter financial future.
