Standard share account
This is your main account, every member gets one and is the one you will use the most.
An annual dividend is payable on this account; the annual dividend at 1.50% was paid February 2025 on standard accounts for the period 1st Oct 2023 to 30th Sept 2024.
The balance in your standard shares account helps when applying for loans, almost like collateral. Your standard shares will be held as security for most loans (you can’t withdraw these until your loan balance reduces or is cleared).
One lump sum payment of up to £5,000 may be paid into this account, over a rolling 12 month period.
The maximum shareholding (balance) you can hold in the Credit Union is £60,000 (total funds across all your credit union share accounts).
Please note: Dividends vary annually and are subject to review at every annual general meeting (AGM).
Easy Saver
This is an additional savings account and operates similarly to the Standard Shares Account, but without being attached to any loan. This allows for access to shares at any time and is a great way to save and access savings if you have a loan – ideal when saving for birthdays or Christmas.
An annual dividend is payable on this account too – the recommended dividend will be the same as your standard shares account.
One lump sum payment of up to £5,000 may be paid into this account, over a rolling 12 month period. This limit is shared between lump sum payments made to the Standard Shares account.
The maximum shareholding (balance) you can hold in the Credit Union is £60,000 (total funds across all your credit union share accounts).
Gold Saver, 30 Day Notice Account
An additional savings account designed for longer term savers, who would like an improved return on their shares.
To benefit from the higher dividend, 30 days’ notice is required for share withdrawals from this account, which can be requested at any time.
This account is not attached to any loan, allowing for access to shares even if there is an outstanding loan*.
This account is available to any member who maintains a minimum payment of £20 per week / £80 per month to their Standard Shares Account.
This account benefits from a higher dividend – the annual dividend of 2.50% was paid February 2025 for period from 1st Oct 2023 to 30th Sept 2024.
A maximum of £20,000 can be held in a Gold Saver Account. The maximum shareholding (balance) you can hold in the Credit Union is £60,000 (total funds across all your credit union share accounts).
No lump sum deposits can be made to this account.
Please note: Dividends vary annually and are subject to review at every annual general meeting (AGM).
Platinum Account, 60 Day Notice Account
A further, additional savings account designed for longer term savers, who would like an even better return on their shares.
To benefit from the highest dividend offered, 60 days’ notice is required for share withdrawals from this account, which can be requested at any time.
This account is not attached to any loan, allowing for access to shares even if there is an outstanding loan.
This account is available to any member who maintains a minimum payment of £20 per week / £80 per month to their Standard Shares Account.
This account benefits from a higher dividend – the annual dividend of 4.00% was paid February 2025 for period from 1st Oct 2023 to 30th Sept 2024.
A maximum of £10,000 can be held in a Platinum Account. The maximum shareholding (balance) you can hold in the Credit Union is £60,000 (total funds across all your credit union share accounts).
No lump sum deposits can be made to this account.
Please note: Dividends vary annually and are subject to review at every annual general meeting (AGM).