Regular Savings
Start small, save
big — savings 
made simple.
When you join The Money Co-op, you’ll automatically get a Regular Savings account. A minimum deposit of £10 a month is required to maintain your membership, but you’re free to withdraw from the account whenever you need. With flexibility and annual dividends (like interest) it’s an easy way to save while staying in control of your money.
Benefits of this Savings Account
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Save at your own paceStart with as little as £10 a month and increase as your goals grow.
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Earn dividendsReceive an annual dividend payment (like interest) based on our financial performance, boosting your savings.
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Easy access to fundsAccess your savings whenever you need them, with no penalties.
Core information
The Regular Savings account offers the flexibility to save what you can, starting at £10 a month. Your savings will be secure while earning annual dividends, and you can access them anytime, ensuring you always stay in control of your money. There are no hidden fees, just transparent and ethical savings.
Regular Saver Summary
Dividend Rate |
Regular 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 2024, the credit union paid 2%, in 2023, the credit union paid 0.4%, and in 2022, the credit union paid 0.25%. We always aim to pay as much as we can reasonably afford to. |
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How it works |
When you join The Money Co-op, you will be issued with a Regular Savings account. It is a condition of membership that you must save at least £10/month into your Regular Savings account. |
Why choose The Money Co-op?
At The Money Co-op, we believe in ethical, people-first financial solutions. Our Regular Savings account gives you the flexibility to save at your own pace, with the added benefit of earning annual dividends.
With us, you’re not just a saver; you’re a member of a community that supports you every step of the way.
Testimonials
FAQs
Yes, you’ll need to start saving with a minimum of £10 a month.
Yes, unless you have an outstanding loan with us, you can freely access your savings and make withdrawals as long as you keep a minimum of £5 in your account. If you do have a loan, your Regular Savings account is tied to the loan, and your savings won’t be available until your loan balance is lower than your savings.
You’ll earn an annual dividend payment based on our financial performance, similar to interest.
How to apply
It’s easy to start saving.
New to The Money Co-op? Simply join online to get started with your Regular Savings account.
Already a member? Use our online portal or app to set up or adjust your savings, set up savings pots or open a SaverPlus account.
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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.
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