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Tel: 01837 658123

25 March 2017
Save as little as £1.00 per week!

Your savings are protected as they are covered by the Financial Services Compensation Scheme (FSCS) for further information. Please note changes in January 2017 to the levels of savings covered under this scheme. https://protected.fscs.org.uk/

Everyone benefits if you save regularly with the credit union, it allows you to work towards your financial goals and gives you peace of mind should an emergency arise.

With the Credit Union you can save at an level affordable for you, be that £1 or £100 per month. Small regular amounts soon add up and remember at the Credit Union you are not just another customer, but a co-owning member of an organisation which provides security and protection.

The tables below give examples of how regular savings can soon add up!

Weekly Savings Table
Amount Saved: £2 £5 £10 £20 £25
Year 1 £ 104 £ 260 £ 520 £1,040 £1,300
Year 2 £ 208 £ 520 £1,040 £2,080 £2,600
Year 3 £ 312 £ 780 £1,560 £3,120 £3,900
Year 4 £ 416 £1,040 £2,080 £1,460 £5,200
Year 5 £ 520 £1,300 £2,600 £5,200 £6,500


Monthly Savings Table
Amount Saved: £10 £15 £30 £40 £50
Year 1 £ 120 £ 180 £ 260 £ 480 £ 600
Year 2 £ 240 £ 360 £ 720 £ 960 £ 1200
Year 3 £ 360 £ 540 £ 1080 £ 1400 £ 1800
Year 4 £ 480 £ 720 £ 1440 £ 1920 £ 2400
Year 5 £ 600 £ 900 £ 1800 £ 2400 £ 3000

Benefits of Saving with the Credit Union

  • Save as little or as much as you can afford
  • No hidden charges or fees on any transactions
  • Your savings can be used to allow you to apply for a member loan
  • Credit Unions are mutual organisations, members savings are pooled to provide the resources for lending to other members; and
  • Depending on reserves, shares are eligible for an annual dividend.

 

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