Ethical savings

Instant access, protected savings for individuals, charities, organisations and businesses looking to make a local impact.

Saving options

Local money local impact

Ready to make a difference?

When you save with Boom Community Bank, not only do you secure your future, but you also play a part in building financial inclusion locally. Open a savings account, and your savings will support local people whilst being 100% secure.

Your money is safe

The FSCS protects eligible depositors, up to £85,000.

Earn dividends

As a financial cooperative, surpluses are distributed as dividends and reinvested to enhance the member experience.

Support ethical lending

You'll help us respond to an increasing demand for affordable loans.

Challenge high-interest lenders

We provide local people with a fair credit option.

Keep it local

Help us respond to local economic need and transform lives.

Encourage junior savers

We apply an annual interest rate for junior savers.

Our Ethos

Join our community of savers

We believe in the power of a financially secure future for everyone at Boom Community Bank, so we work to help as many people as possible achieve that goal. We understand saving is challenging, so we aim to make it easier by promoting regular saving across our product range.

Our savers receive dividends, can access competitive loan interest rates, and enjoy the assurance that their savings are protected. Join us today and become a part of a growing community of savers committed to strengthening our community.

Deposits in Boom Community Bank are protected by the Financial Services Compensation Scheme (FSCS). The £85,000 limit relates to the combined amount in the eligible depositor's accounts. Further information is available at

Save With Us



Download the app

Download the app following guidance to join as a new member.



Take a photo

Take a photo of your documents and upload them.



Receive your membership number

Receive your membership number and PIN for online banking.



Make your deposit

Make your deposit by debit card, bank transfer, or set up a standing order.


Saving options

Safe and accessible savings

Savings Account

Savings Account

An easy-to-manage deposit account providing protection for savings, online banking and a mobile app for 24/7 access.

Learn more
Junior Savings Account

Junior Savings Account

Exclusively for those under 16, our Junior Saver Account rewards good financial habits with an annual interest rate.

Learn more
Payroll Savings Scheme

Payroll Savings Scheme

My Money Box enables hundreds of local employees to save directly from their salary.

Learn more
Corporate Savings Account

Corporate Savings Account

A non-personal deposit account for Local Authorities, businesses, charities and third-sector organisations.

Learn more



Save directly from your salary

With My Money Box, you could deposit savings every payday, making saving easier to budget and build upon. We may already partner with your employer, but if not, put us in touch, and we'll introduce the scheme to your employer and colleagues.

Find Out More

Frequently asked questions

Who can open an account?

To open a savings account, you must be 16 or older and live or work within our common bond area.

Businesses, churches, charities and other organisations, such as social enterprises, can open a non-personal corporate savings account if they are based within our common bond area, including these regions:

  • Berkshire
  • South Oxfordshire District
  • Kingston upon Thames
  • Surrey
  • West Sussex
  • East Hampshire (Basingstoke and Deane, Hart, and Rushmoor Districts)
  • South Bucks and Wycombe Districts
Is my money safe?

Deposits made in Boom Community Bank, up to £85,000, are safeguarded under the Financial Services Compensation Scheme (FSCS). This £85,000 limit applies to the total balance across all eligible depositor's accounts.

How do I deposit funds? 

You have several options to deposit money into your account, including:

Online Banking: Log in to online banking via our website and make a deposit using your debit card.

Telephone: You can deposit funds over the telephone by providing your debit card information.

Cheque: We accept cheques for deposits. Please make it payable to Boom Community Bank, and remember to write your membership number on the back. Please post your cheques to:

Boom Community Bank
17 Liverpool Gardens
Worthing, West Sussex
BN11 1RY

BACS Transfer: You can transfer money into your account via BACS (Bankers' Automated Clearing Services).

Additionally, to save a regular amount of money, you can set up a standing order for automated, recurring deposits.

How can I check my account balance?

Access real-time account balances and download statements by enrolling in online banking. Alternatively, you can use the online form to request a statement to be sent by mail.

Online Banking Registration >

Statement Request >

When can I access my savings?

You can withdraw your savings anytime, except for savings associated with a loan arrangement. Savings tied to a loan (linked savings) are accessible for withdrawal only after the loan has been repaid.

How do I withdraw my money?

You have the option to initiate internal transfers within your account, external transfers to other parties and bill payments through Online Banking. Additionally, our mobile app allows you to withdraw and manage your funds.

How are dividends calculated and disbursed?

Dividends are calculated daily and linked to each £1 of savings held in your account, specifically to dividend-bearing shares, on that particular day. To be eligible for a dividend payment, you must be a member during the Annual General Meeting, and your account should maintain a minimum balance of £5. Dividend payments are not guaranteed. If dividends are disbursed, they will be credited to your account in April for the preceding financial year. Our financial year spans from October to September.

Dividend Percentage History

Below is a summary of the dividend percentages per share over the past three years:

2020: 0.00%
2021: 0.30%
2022: 0.40%