Maximise your savings with 4% interest (variable*)

Where you do not withdraw funds during the account period the interest rate is 5% AER until 5th March 2025 and 4% thereafter. If we vary the rate, we will give you 30 days’ notice and the option to withdraw with no penalty..

Where one or more withdrawals  are made during the account period you will receive: The standard membership dividend, declared in January 2026.

1 October 2024 – 30 September 2025

You can pay in up to a maximum of £250/month during the account period.

As a condition of membership of The Money Co-op, you must still save a minimum of £10 per month into your Regular Savings Account, (Separate to your Saver Plus Account).

Yes, we may change the interest rate.   

However, if we do change the rate, we will give you 30 days’ notice.  And you will be able to exit the product early without the interest penalty. 

If you deposit the maximum amount, you can in the account, your estimated balance with interest at the end of the account period would be: £3,068.24. 

 This assumes that you: 

• Pay in £250 on the first day of each month, starting on 1 October 2024 

• Make no withdrawals during the period 

Funds held in all your credit union accounts combined are protected under the Financial Services Compensation Scheme up to £85,000.

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 £85,000.  

Visit fscs.org.uk for full details. 

In order to be eligible to receive your interest you may not withdraw from Saver Plus during the account period.  If you choose to withdraw, your account will be converted into a Special Shares account and balances will only be eligible to receive the standard membership dividend, declared in January 2026. 

Self-service, online withdrawals will not be permitted from Saver Plus and you must contact us by sending us a message from your online member account, or via our standard communication channels to request a withdrawal. Upon a withdrawal request, we will remind you that doing so will forfeit your interest before processing the withdrawal (unless this happens during the rate variation notice period).  This may delay withdrawals compared with online requests and you should be mindful of this when opening the account. 

 Our standard communication channels can be found here. 

Upon maturity on 30 September 2025, your funds, plus interest, will be placed into a Special Shares 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: Insert Link to membership terms and conditions]