Saving for your child’s or grandchild’s future can go a long way to help give them the best start in life, and you may be considering starting a savings pot to help them on their way to University when the time comes. Did you know? You can use your credit union account to set up a special ‘savings pot’ for this – let us give you the head start you need to get saving.
How it works
You can either simply change the amount you save in your regular main savings, or to set up a University Fund ‘Savings Pot’ (in addition to your regular shares), simply contact us in any of the usual ways, quoting your account number, the name you’d like to give your savings pot, and the amount you would like to add to your 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.
Not yet a member? Join today and start saving
Good to know
- If setting up a separate savings pot, you must continue pay a minimum of £10.00 a month in to your main savings (regular shares) account.
- 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 (main savings) 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.