Saving with us!
Everyone benefits from regular saving; it allows you to work towards your goals and gives peace of mind for emergencies.
There are many ways in which you can pay into your credit union account; you can make deposits by setting up a standing order, using bank transfer or pay in using cash over the counter in our office.
You can pay in as little as you like per week but you need to keep a minimum of £5 in your account to keep it active and the maximum a member can save is 1.5% of total share or £15,000 whichever is the greatest.
Members can withdraw from their savings account, over the phone or by visiting our office. Share withdrawals, over £250, will be paid into members nominated bank account, this is the account that the credit union have on file for you. If you wish to check this information before requesting a share withdrawal you can call the office on 0236 897877.
When you have a loan running your savings are held as security against your loan, this means that no share withdrawals can be processed whilst your loan balance is higher than your savings balance, for more information please send us an email to email@example.com
As we are regulated by the Financial Services Compensation Scheme (FSCS) your savings up to £85,000 are protected and safe.
Additional Benefits For Members - Life Savings Protection
A cash benefit on your savings
Leave your loved ones a cash lump sum when you die, with Life Savings Protection*
Saving with your Credit Union really does add up as it includes the additional benefit of Life Savings Protection, which can be a real financial comfort to your loved ones should you die.
At a difficult time, a lump sum on bereavement can be a real help. It could help towards funeral costs or could be left as a small legacy for a loved one. Of course, it won’t take away the pain but it’ll certainly help with the financial strain of bereavement. Additional peace of mind for your family is just another benefit of being a Credit Union member.
As a Credit Union member, you’re not only saving for your own future, but also for that of your family. With the added benefit of Life Savings Protection, your nest egg can also provide a legacy to help your loved ones cope financially in the event of your death.
* Subject to terms and conditions. Cover limits and certain restrictions apply based on savings balance and on age at death or age when savings were made. Individual limits and restrictions may also vary over time. Please ask at your Credit Union for more details about Life Savings Protection.
Life Savings Protection is underwritten by CMutual.
CMutual is authorised by the Prudential Regulation Authority and regulated by Financial Conduct Authority and Prudential Regulation Authority.
Open an account today!
You can open a savings account, and enjoy all the benefits of membership, online today