Take the stress out of 
Christmas – start saving today!

Savings held in the credit union attract a dividend (like interest).  The dividend rate is paid based on the credit union’s financial performance and market conditions.  It is not agreed in advance, but proposed and voted on at the AGM every January.  In 2025, the credit union paid 2%.

We always aim to pay as much as we can reasonably afford to.

The Christmas Savings Account is an optional savings account that can be opened alongside your Regular Savings account. It is designed to help you put money aside throughout the year for Christmas and other seasonal expenses.

You can fund your Christmas Savings Account by splitting part of your regular savings payment between your accounts. There is no minimum monthly amount required, but your total monthly savings across all accounts cannot exceed £500.

Unlike your Regular Savings account, money held in your Christmas Savings Account is not used as security for any loan you may have with us. Your savings remain separate and can be accessed whenever you need them.

There is no minimum monthly saving requirement for this account. However, your total regular savings contributions across all of your accounts cannot exceed £500 per month.

The maximum account balance across all savings accounts is £120,000.

The FSCS protects you if the financial firm you’ve used has gone out of business. If the failed financial firm can’t pay your claim, The FSCS can step in to pay compensation. 

Set up by the government, they are independent and their service is free to use.  

Funds held in all your credit union accounts combined are protected under the Financial Services Compensation Scheme up to £120,000.  

Visit fscs.org.uk for full details. 

Your online member services account allows you to check your savings balance and make withdrawal requests. You can change the amount you wish to save with us by sending us a secure message once logged into your account. 

For additional information about your rights and protections in relation to this account and your wider credit union membership, please see the Membership Terms & Conditions.