Savings Account

All members must have a basic savings account

Savings Account

Product Information

The basic savings account can be used for long or short term savings.

When joining Wyvern Savings and Loans, this account is automatically opened. You will receive a membership card, and a record card, which you can keep track of your transactions on. Once you have joined you will then have access to our other savings and loan products. You must have at least £1.00 in this account at all times. A maximum of £15,000 can be deposited by a member. Accounts with no activity in any 6 month period, at the discretion of the Board of Directors, may be made dormant. If you are looking for a long term investment you may wish to open an Associate account. If Wyvern Savings and Loans makes a surplus profit then an annual dividend may be paid into all adult savings accounts.

- I am over 18 years of age (Young Saver members also welcome).
- I live or work in Dorset or Somerset and adjoining parishes (Our Common Bond).

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