Dreaming of a new car? Set the wheels in motion by setting up a Car Savings Pot with us today. It’s also a great way to build up a emergency fund to help keep your car on the road should unexpected bills strike, or set aside savings for the cost of the annual insurance or MOT.
How it works
To set up a Car Savings Pot (in addition to your regular shares), simply get in touch via Members Access or our Secure messaging app, Nivo to tell us the amount you would like to add to your Car Fund Savings Pot each month and we’ll set this up for you. It will appear in your online account as a separate named account, so you can watch you dedicated savings balance grow.
- A minimum contribution of £10.00 a month to your savings pot is required in addition to the minimum £10.00 a month to your regular shares (main savings) account.
- Additional ad hoc one-off payments can be made
- Funds held in all your credit union accounts combined are protected under the Financial Services Compensation Scheme up to £85,000.
- Dividend available at the same rate as the regular share account – subject to available funds at year end and approval by members present at the AGM.
Any other questions?
If there’s anything else you’d like to know about saving with us, setting up a Savings Pot or any other aspect of membership, our friendly team will be happy to help. Here’s how to get in touch.
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.