Where Your Money Goes When You Save With Boom- Corporate Savings That Make a Real Local Difference

When organisations choose to save with Boom Community Bank, they’re making a choice that goes far beyond earning interest. Every pound saved helps local families access fair, ethical loans — supporting our community’s financial wellbeing and prosperity.

Saving with Purpose

At Boom, we believe money should work harder - not just for you, but for your community. Unlike traditional banks, Boom is a not-for-profit community bank owned by its members. That means interest earned from savings doesn’t line shareholders’ pockets. Instead, it funds affordable loans for neighbours, colleagues, and families in the places we all call home.

How It Works: A Simple Cycle of Support

Save → Boom Lends → Neighbours Get Support → Everyone Wins

1. Your organisation saves money securely with Boom, earning a fair rate of interest.

2. Boom uses those savings to provide ethical loans to local people who might otherwise struggle to access credit.

3. Families and individuals receive support that helps them manage finances responsibly — whether it’s a fair loan for a car, home improvements, or unexpected expenses.

4. The whole community benefits, with money circulating locally and people gaining financial stability.

Your Savings Are Protected — Up to £85,000

One of the most important considerations when choosing where to save is security. At Boom Community Bank, your savings are protected up to £85,000 by the Financial Services Compensation Scheme (FSCS) — the same protection offered by banks and building societies. This means your organisation’s savings are safe and secure, giving you peace of mind while your money works to support the community.

Why Corporate Savings Matter

Local businesses, schools, and organisations can play a vital role in building stronger communities. By choosing Boom for your savings, you demonstrate corporate social responsibility in action. It’s a way to:

• Align your organisation’s finances with your values

• Support financial inclusion in your local area

• Show stakeholders and employees your commitment to ethical finance

• Real Community Impact

Get in touch with our team today to explore corporate savings options.

Boom Community Bank is authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Savings are protected by the Financial Services Compensation Scheme up to £85,000.