Regular Saver

As the name suggests, our regular saver account is designed to help you to save on a regular basis.

How does it work?

Save Regularly

Save a minimum of £10 per month into our Regular Saver account.

Withdraw Anytime

You can withdraw your funds at anytime online or by calling us.

Annual Dividend

Receive a return on your savings in the form of an annual dividend.

Lots of great benefits

  • Easy Access

    Easy access with no notice or penalty.

  • Salary Deduction

    Simple saving through salary deduction (where available) or direct debit.

  • Flexible Account

    You can change your monthly deduction amount at anytime by telephone or email.

  • Free Life Cover

    Life cover up to £25,000 at no extra cost up to age 65 (conditions apply).

  • Annual Dividend

    Receive a return in the form of an annual dividend.

  • Withdraw Anytime

    You can withdraw funds (without penalty) via our online banking, mobile app or by calling us.

How much should you save?

How much should you save each month? You can save from £10 to £1,000 per month, and can change your amount at anytime.

If you are unsure how much you can afford to save each month, start small. Our calculator below will show you just how quickly your savings will grow.

6 months savings
£0.00
1 years savings
£0.00
3 years savings
£0.00

People often ask us

A credit union is a not-for-profit financial cooperative, owned and run by it’s members, for it’s members. Similar to a commercial banks, credit unions provide access to savings and loans.

If you work for one of our payroll partners, you will be able to save with repayments straight from your salary, or (where relevant) your pension. To view our full list of payroll partners click here.

  • Can’t find your employer? 
    • That’s okay, you can still save with us through direct debit (if you are eligible).
    • You can also refer your employer for payroll deduction by completing our short form.

Yes, you can withdraw your money at anytime. Simply withdraw the amount you want using your online banking, mobile app or by telephone.

You can access your savings through our online banking. We also have a mobile app to allow you to manage your money on-the-go.

The Regular Saver requires you to save from £10 to £1,000 per month. You can deposit additional lump sums at anytime (up to a monthly maximum deposit of £1,000).

You can increase or decrease your monthly savings amount (subject to a minimum savings of £10 a month) by post, email, or by calling us on 0121 700 1222.

All of our savings products are covered by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. Meaning your savings are covered up to £85,000. Any deposits you hold above the current limit are not covered.

For more information about the FSCS, visit www.fscs.org.uk

You may receive a return on your savings in the form of an annual dividend. Our annual dividend is based on the surplus profits of the credit union, and is proposed by the Board to the membership at our Annual General Meeting each year.

An annual dividend is paid gross, directly into your account after the AGM. Since no tax is deducted, it is your responsibility to disclose the dividend to the HMRC.

Your savings with the credit union are not tax-free. If you are saving from your pay, salary deductions will be made from your net pay after taxes have been deducted.

Opening a Regular Savings Account gives you membership to the credit union. All members are required to save between £10 and £1,000 per month into a Regular Saver account. Membership entitles you to open other savings accounts and apply for a loan, if you’re aged 18 or over.

If you are eligible, you can complete our online application, which usually takes 5-10 minutes.

Your money is secure

All of our savings products are covered by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. Meaning your savings are covered up to £85,000. Any deposits you hold above the current limit are not covered.

For more information about the FSCS, visit www.fscs.org.uk

Your money is secure

All of our savings products are covered by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. Meaning your savings are covered up to £85,000. Any deposits you hold above the current limit are not covered.

For more information about the FSCS, visit www.fscs.org.uk

How to apply?

You can apply for a Regular Account in minutes online, or you can also call us if you have any questions.