• Christmas savings
• Holiday savings
• Junior savings

The ability and capacity to save money for the short or long term is an important step on the path to establishing financial well being and to building assets.

The credit union helps you by encouraging the habit of saving. If you develop the habit of putting some money by in the credit union on a regular basis, saving will be less difficult.

Savings are used to make loans to members. The interest from loans is used to pay expenses; to build up reserves (capital) and the remainder may be returned to the members by way of dividend.

Many credit union members are less interested in the amount of dividend than in the many other benefits.

Call us on 020 7787 0770 for further details.

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. Free Life Savings Insurance

What is Free Life Savings?
Credit unions uniquely insure your savings with Life Savings insurance at no cost to you. This means that should the unthinkable happen, your designated beneficiary will receive your savings plus the insured amount up to a maximum of £10,000,

What Does Life Savings Cover?
Your life savings insurance will cover up to 100% of your savings amount, to age 65 and up to a maximum of £10,000, meaning that should you die, we will match 100% of your savings and pay this amount to your chosen beneficiary. Between ages 65 and 80, we will match 25% of your new savings deposits while still protecting 100% of any deposits made before age 65 and not withdrawn.

When does Life Savings Not Apply?
Any new deposits are subject to a six month Pre-existing Condition Limitation. This means that should you die from a pre-existing medical condition, any deposits made in the last six months are not covered. Life Savings Insurance does not cover death due to HIV/Aids, Suicide, Terrorism or War.

*Terms and conditions apply

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