Savings

Whether you are saving for something special like Christmas or a holiday, or for an unexpected expense when something goes wrong or just for a rainy day, Gloucestershire Credit Union is a safe local place to keep your money.

Will I get interest on my savings?

Credit Unions pay a dividend rather than interest.

The members meeting in February 2017 decided to pay a dividend of 0.25%.

What’s the difference?

The dividend is not guaranteed. A credit union will pay a dividend if it has a surplus after all running costs have been paid.

Is there a limit as to how much I can save?

Yes, the maximum amount you can have in your credit union savings account is £15,000.

Young Savers

Have you thought of opening a Young Savers Account for your child?

Its a great way to get them in the habit of saving for a rainy day.