Looking for something extra? Then our Savings Plus Account might be the ideal investment for you. Our Savings Plus account is a deposit account with an enhanced dividend. The Savings Plus Account is ideal for those members who have sufficient funds to save and are able to put these funds aside for the longer term.
At a Glance:
Open with a minimum balance of £1,000;
Earn an enhanced dividend on your savings – pays at least 0.25% more than our Membership Account;
Make one-off deposits or save regularly up to a maximum of £12,000 p.a. with an overall accrued limit of £35,000;
Savings are not attached to any loans so can be withdrawn at any time;
100% of your savings covered by the Financial Services Compensation Scheme;
Withdrawals made directly to your nominated bank or building society account;
Withdrawals transferred/processed usually the same or next working day;
Online access to accounts.
The maximum share balance for each member, as a combined total across the Membership, Savings Plus and Christmas Club accounts, is £40,000.
To open a credit union account contact us or apply for membership by using the link on the home page. If you are already a member and would like to add a Savings Plus account, please contact our office.
Unlike the funds in your Membership Account, any monies in the Savings Plus account will not be used for loan calculation purposes and there are no penalties or notice periods required for withdrawing your money.
Please note that should the level of the account fall below the £1,000 minimum level, then the account will be closed and all the remaining funds transferred back into your Membership Account.