Our share account is similar to a regular deposit account. It gives you instant access to your money with a competitive return.
Instead of paying you interest on your savings, the credit union gives you a dividend each year. This is determined by the surplus the credit union has generated through the year which can be redistributed to its members.
At the AGM in April in 2011 the 2010 dividend on members' share accounts was agreed at 1.00%.
On joining, you will be issued with a share account paying-in book to help you keep track of your savings. You can also register for online access to enable you to monitor your account.
Benefits of saving
Do you have enough money put aside for that unexpected bill? Saving a little each week for an unexpected bill could save you paying over the odds at a later date.
The credit union helps you by encouraging the habit of saving. Whether it’s for Christmas and Holidays, or for the longer term, a little a week can make a lot of difference.
Just £3 a week would mean you had £156 each Christmas – and spending costs less when you use cash rather than credit. A small amount of money behind you can make all the difference in a crisis.
With our instant access savings account you can withdraw your money whenever it suits you.
Did you know you can have your wages and benefits paid into your savings account?
And you can save by cash, cheque, standing order, and PayPoint card.
Nottingham Credit Union is a FSA licensed deposit taker.
