Cambridge Saving Promotion | Eastern Savings and Loans
Cambridge Saving Promotion

Do you live in CB5?

Join and save with us for 3 consecutive months and the England Illegal Money Lending Team will put £25 into your account with us. We are working with the England Illegal Money Lending Team to help support residents of CB5 in Cambridge start saving and have access to affordable credit. The first 50 accounts opened by residents of CB5 postcode in Cambridge who save a minimum of £5 per month over the 3 consecutive months will qualify for an additional £25 added to their savings. All savings are available for withdrawal after the 3-month period via our telephone or our online banking service.

  • Save £5 for 3 consecutive months
  • Open to residents of CB5 only
  • New members over the age of 18
  • 1 account per household

Stop Loan Sharks in Cambridge

The England Illegal Money Lending Team (IMLT) investigate, arrest and prosecute loan sharks – those who lend money without the necessary permission granted by the Financial Conduct Authority. Hosted by Birmingham City Council, the Team work throughout the country. The IMLT are keen to ensure that those vulnerable to loan sharks have a better option.

If you think you have borrowed money from a Loan Shark the England Illegal Money Lending Team are here to help.

You can call them in confidence on their 24 hour hotline. 0300 555 2222 or via text to 07860022166.

www.stoploansharks.co.uk


How does it work?

Join our Credit Union and pay your £5 joining fee via PayPal. We will include you in the offer based on your home address Post Code being CB5.

Save a minimum of £5 for 3 consecutive months.

Receive £25 in your savings account.


FAQs

If you have a question that is not answered here, please contact us and we will be happy to help.

You are eligible for this promotion if you live in CB5 in Cambridge, are over 18 and have not had an Eastern Savings & Loans account before. Please note it offer is only available to one account per household.

Join Now
Yes, all our loans are subject to a credit and affordability check. Please see our loan page for more information on the products we offer. 

Our Loans
Yes, anyone who lives or works in Cambridge can open an account with us. However only one account per household will qualify for the £25 promotion.
Once you have joined and paid your membership fee of £5 (£2 admin fee & £3 shareholding) you will be sent a letter with your membership number, and our bank details. You can then set up a standing order with your bank or pay in via faster payment to your account using the bank details on the letter. You can also request a Pay Point card to paying cash at any Pay Point location. Please contact us to request yours, these are not ordered automatically. Please Note, Pay Point cards do take up to 4 weeks to receive your card.
To qualify for the additional £25, you need to save a minimum of £5 for three consecutive months. Once this period is over you can call us on 03336 000690 to request a bank transfer.
Yes, as a member of Eastern Savings & Loans you will qualify for our Free member benefit.

Find Out More
Yes, your savings are protected by the FSCS up to the value of £85,000.

If you can’t find the answer here, please get in touch and we’ll be happy to help

Services we Offer

Safe Savings
Safe Savings

Instant access & FSCS protected

Affordable Loans
Affordable Loans

Ethical & FCA regulated

Change Account
Change Account

Award winning debit card

Members of ABCUL

Members of ABCUL

Your money is protected up to £85,000

Your money is protected up to £85,000

Authorised and Regulated by the Prudential Regulation Authority

Authorised and Regulated by the Prudential Regulation Authority

Members of ABCUL

Your money is protected up to £85,000

Authorised and Regulated by the Prudential Regulation Authority