Model of a sustainable money system beyond the growth imperative? The Swedish JAK Bank has been offering interest-free savings, loans and banking services since 1965, with the aim of enabling an interest-free economy. More than 38,000 members of the cooperative bank save with interest-free savings accounts and can thus borrow money from the general fund […]

read more

The JAK Members’ Bank (swedisch: JAK Medlemsbank) is the first bank in Sweden to create an interest-free banking system for its members, based on the JAK Bank model. The abbreviation JAK stands for the Swedish words Jord, Arbete und Kapital – land, work, capital. The bank was founded in 1965 as a cooperative savings and […]

read more