Become a corporate member
-
Support your employees
-
Support your local community
-
Achieve your corporate social responsibility goals
Who we work with
Corporate Membership is for organisations such as charities, not-for-profits, clubs, societies and voluntary groups – you just need to be based in Kent or a Housing Association.
By supporting Kent Savers, you help your local community directly.
What products do we offer?
We offer our full range of Savings, Loans and Card accounts to residents and employees of Housing Associations and Payroll partners, with reduced interest rates on ALL Payroll Deduction loans.
Housing associations and providers
Residents and employees of housing providers can enjoy the benefits of our Savings, Loans, Child Benefit Loans and Card accounts, simply by becoming a Kent Savers member.
We work with many housing providers across Kent and can create bespoke schemes to meet the needs of your residents and employees.
Access savings and reduced interest rate loans through Payroll
Become part of Kent Savers’ Payroll Deduction scheme to help your employees build a healthy savings habit AND access reduced interest rate loans. Money worries are known to have a big effect on mental health and performance in the workplace. Helping your employees to manage their financial fitness is a great employment benefit.
It is simple for you to sign up – contact us for more details – and great for your teams who choose a regular amount to be paid from their pay into their Kent Savers savings or loan accounts.
Schemes offered to local authorities in Kent
Kent Savers offers bespoke housing fund initiatives in collaboration with local authorities, to benefit individuals in their communities.
Kent Savers welcomes the opportunity to discuss these initiatives with other local authorities in Kent and institutions who set out to help provide accommodation to individuals.
How to join Kent Savers
Joining Kent Savers as a corporate member is simple.
Step 1
Download your Corporate Membership Application form to complete and send to us with your supporting documents
Step 2
We will review your application within 5 working days and soon get you on track towards your CSR goals
Step 3
Enjoy being a partner of Kent Savers, seeing your colleagues and residents benefit with your help!
Key information
Please read our Terms and Conditions of Membership. As part of your application process, we will carry out certain checks on you or your key individuals. Please see our Data Protection & Privacy Notice and use of Credit Reference and Fraud Prevention Agencies documents, which together set out how such personal information may be used during your membership or in connection with any loan you have with us.
FAQs
Do I need to be a member to apply for a Corporate savings account? You do not need to be a member before applying for a Kent Savers corporate savings account but you will need to be a member before you make deposits with us.
To be a corporate member of Kent Savers, just download and complete the Corporate Membership Application form in full, enclosing the appropriate documentation and having completed the required resolutions.
We require proof of identity for key individuals within your organisation, such as proof of address in order to verify their identity and to comply with anti-money laundering and other financial body regulations.
We may also obtain an identity check from one or more credit reference agencies and/or fraud prevention agencies on those key individuals.
You may change any of these details (including name, job role, delegated authority, address or other contact details including email address) – simply contact us with details.
In advance, we will we need to see both board resolutions and evidence that the organisation has approved the change of the key individual of any of their personal details.
See our Ways to Pay.
Be sure to use account reference included in your Corporate Savings Account Welcome Letter.
You are able to withdraw money from your Corporate Savings account – simply complete a Share Withdrawal Form and return it us. Restrictions on withdrawals may apply if the balance of your Corporate Savings account would fall below £3.
The number of signatures to make a withdrawal will be determined when the account is opened, and needs to be consistent with the resolutions – most corporate accounts need more than one signatory to make a withdrawal.
As a co-operative, Kent Savers may pay a share of reserves to members in the form of a dividend (not interest) on their shares.
Any annual dividend is approved by members at our annual general meeting. Any dividend entitlement is based on each member’s average daily savings balance. Any dividends are paid gross, as in before deduction of any tax.
Kent Savers is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors – including individuals and small businesses – may be covered by the scheme and entitled to claim up to £85,000. Each organisation should satisfy themselves that they are eligible to be covered by FSCS before making deposits with us.
The maximum deposit for Kent Savers is £18,000 per individual or organisation. A current temporary upper limit is in place for new deposits of £10,000 – existing accounts with larger balances of up to £18,000 are unaffected.
