This is a credit union run by volunteers.
It costs £3 to join and £1 opens your account. There are three branches - Parkstone, Bournemouth and Christchurch. Interest is paid at 1.5 percent per month, apr 19%. Yes folks!
I am looking forward to doing some work with them from April as a budget coach - er no, not a bus! At present it is much safer to save money in Credit Unions as the base rate with banks is so low. Older people can benefit greatly as well as others on a low income. read more