Ethical Savings

Simply by choosing to deposit your money in one of our Savings Accounts you will be directly helping to improve your local community.

Those who need low interest credit are those least likely to be able to receive it. Instead, they may have to pay very high rates of APR, particularly from door-step lenders, and this situation has led to a spiral of debt for many families in Portsmouth. Spiralling debt, with its associated detrimental effects, is passed on to the next generation of young people within our community.

Portsmouth Savers offer a banking service that is fair and ethical, contributing to the ecomonic regeneration of Portsmouth.

• We are not-for-profit
• Your savings are not invested in the stock market, so the value can only go up, not down
• Members’ savings dividend paid annually
• All savers and borrowers are equal members
• 24 hours' notice on large withdrawls
• We are a mutual society
• Investing locally not globally