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Save smart, save easy. Secure your future.

Choose savings accounts that work for you. Build your future with flexible savings options designed to help your money grow.

Our Savings

Our savings accounts

  • Regular savings account 
    • Start small, save big: Save with a minimum of just £10 per month.
    • Watch your money grow: Earn an annual dividend based on our financial performance, helping your savings grow steadily.
    • Access anytime: Enjoy easy access to your funds whenever you need them.
    Find out more
  • Saver plus
    • Boost your savings: Earn 5% interest (variable) on monthly deposits up to £250, helping you grow your savings faster.
    • Maximise your returns: Ideal for regular savers who can leave funds untouched until the account matures.
    • Keep growing: Alongside Saver Plus, save at least £10 per month into your Regular Savings account. See full Tcs & Cs.
    Find out more
  • Special savings pots
    • Sort your savings: Set up dedicated pots for short-term or long-term goals, keeping your savings organised and focused.
    • Watch your savings grow: Pots help you monitor your progress and see exactly how close you are to reaching your target.
    • Stay motivated: Perfect for keeping you on track and motivated to reach your financial goals.

Core benefits of savings

  • Black outline of a bar chart increasing in size with an arrow curving up
    Save with confidence 

    Enjoy secure, ethical savings backed by our co-operative values. You can count on transparent terms and no hidden fees.

  • Black outline of a heart with a pound sign in the middle
    Flexibility to fit your life 

    Save at your own pace, from just £10 month. Whether you’re saving for the short term or long term, our savings options offer the flexibility you need.

  • Black outline of a stem with two leaves growing out of the ground
    Grow your savings effortlessly 

    With our automatic savings options, from Payroll Deduction to recurring card payment, you can easily build your savings every month—helping you reach your goals faster.

  • Black outline of a pig shaped piggy bank with a coin going into the slot
    Earn more as you save 

    Receive an annual dividend on regular savings. Looking to save more? Our Saver Plus account offers 5% interest (variable) for even higher returns.

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Managing your savings is easy and convenient.

With The Money Co-op, managing your savings is simple. Use our app or online portal to check your balance, make deposits, and withdraw. You stay in control while your savings grow effortlessly.

Savings pots

Create dedicated savings pots for specific goals, such as holidays, home improvements, or rainy days. These pots help you stay focused and organized, so you can track progress toward your financial goals.

The savings application process

  • Black outline of two hands shaking
    Step 1: Become a member

    Complete the membership form online and set up your account.

  • Black outline of a bar chart increasing in size with an arrow curving up
    Step 2: Choose your savings amount 

    Select the savings amount that fits your goals, from £10/month and start saving today.

  • Black outline of a pig shaped piggy bank with a coin going into the slot
    Step 3: Start saving 

    We’ll set up your regular payments – and you can make additional deposits at your convenience.

Savings FAQs

How do I open a savings account? 

You can open a savings account once you become a member. Simply complete the membership form and choose your savings option.

Is there a minimum savings amount? 

Yes, a minimum monthly contribution of £10 is required to maintain your savings account and membership with us. 

Can I access my savings at any time? 

Yes, you can access your savings anytime, except when they are tied to a loan as security. 

How do I manage my savings, e.g. to change the amount I save? 

You can easily make changes to your savings for example increase or decrease the amount you save, or withdraw from your savings via our members app or online portal.  

To find answers to a range of questions about membership of The Money Co-op, see our full FAQs page here.

FAQs

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How to apply

Applying to save is built into our joining process. Complete the joining form online and choose your savings amount from £10 per month. It’s free to join, and there are no hidden fees.

  • Good to know

    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.

Testimonials

  • “Brilliant! Would highly recommend- always so helpful when needed and great for saving!”

    Sophie

  • “Saving a small amount each month gives me peace of mind that l’ve got a rainy day fund for emergencies”

    Rak

  • “Really helps me to save as the money comes straight from my wages, so I don’t even miss it!”

    Tony

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