CREDIT UNION

Adult Savings

Everyone benefits from having savings and whether you save a little or a lot, putting money aside on a regular basis means you can give yourself something to look forward to or provide a nest egg should the need arise.

Our Adult Savings Accounts pay an annual dividend on any savings you have – which means that any profit made by the credit union will be used to strengthen the business further and passed back to the membership in the form of a dividend on your savings.

Dividends on Adult Savings

 2016-17                              0.50% 

2015-16                              0.50%

2014-15                              0.50%

Your Savings are protected up to £85,000 by the financial services compensation scheme (FSCS) For more information please click on the image.

In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with the credit union, including their share of any joint account, and not to each separate account.

For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website or call 0800 678 1100.

You can download a leaflet about the FSCS here:

Download FSCS Leaflet (1998.5kb)