Members save on a regular basis either weekly or monthly and the collective savings of the appropriate group provide working capital from which loans can be made to members.

Members have ready access to their savings.

There is no restriction on who is eligible to join a common interest group. However, members under the age of 18 can only save.

The minimum savings amount is only £1 per week or £5 per month. There is no weekly or monthly maximum except that the total savings of any member is usually restricted to £10,000.

You must have at least £1 savings to retain membership.

Joint accounts are available.