National Savings Week 2024

Its National Savings Week 2024 from 9th-15th September. Whether you’re just starting out or looking to grow an existing savings pot, this week aims to foster better saving habits and build financial resilience.

At Boom Community Bank, we’re excited to support National Savings Week and help raise awareness about the importance of savings in everyday life. As a local, not-for-profit financial cooperative, we’re dedicated to empowering people to take control of their finances, no matter where they are on their savings journey.

Savings: They’re What You Make of Them

National Savings Week is a reminder that savings mean something different to everyone. For some, it’s a safety net—money put aside for emergencies. For others, it’s a means to fund life’s bigger goals, such as a dream holiday or a first home. Regardless of your motivation, the message is clear: your savings are what you make of them, and even small steps can lead to financial security and greater peace of mind.

At Boom Community Bank, we believe that saving is a powerful tool for achieving financial freedom. Our mission is to provide products that make saving accessible to all. Whether you're looking for a simple savings account, a junior savings plan for your child, or a payroll savings scheme through your workplace, we offer a range of services to help you save with ease.

Why National Savings Week Matters

With around 14 million people in the UK having less than £100 in savings, National Savings Week plays a crucial role in highlighting the importance of financial resilience. The week encourages people to start thinking about their financial future, no matter their current circumstances.

For those just beginning their savings journey, it’s about taking that first small step. Whether it’s setting aside a few pounds a week or opening a dedicated savings account, building a habit of saving can make all the difference in creating a financial safety net.

Our not-for-profit model means that any surplus we generate is reinvested into our services or paid as dividends to our members. When you save with Boom, you’re not only safeguarding your financial future, but you’re also supporting ethical lending and helping others in your local community. Every pound saved with Boom strengthens local financial inclusion and challenges high-interest lenders by offering fair credit alternatives.

Supporting Savings During National Savings Week

This week serves as a nationwide reminder that it’s never too early or too late to start saving. At Boom, we aim to make saving easy and accessible for everyone, regardless of income or financial background.

We offer a variety of accounts tailored to different needs, including our easy-to-manage savings account, junior savings for under-16s, and corporate accounts for local businesses, charities, and organisations. Through our Payroll Savings Scheme, employees can save directly from their salary—an effortless way to build savings over time.

Additionally, all deposits at Boom Community Bank are protected by the FSCS up to £85,000, giving you the assurance that your money is secure. And as a member-owned cooperative, you can also benefit from dividends on your savings, meaning your money works even harder for you.

A Partnership for the Future

As we celebrate National Savings Week 2024, we encourage you to take a closer look at your own savings habits. Whether you’re just starting or already saving regularly, there’s always room to grow. By saving with Boom, you’re not just securing your own financial future—you’re also contributing to the financial health of your community.

Save with Boom