Saving - the basis of our service

"Everyone who is part of the Leeds City Credit Union must save regularly"

Everyone who is part of the Leeds City Credit Union must save regularly. However, there are several different types of savings accounts that you can benefit from.  To retain membership of Leeds City Credit Union a member must hold the minimum balance in at least one of our savings accounts.

MEMBERSHIP ACCOUNT

Members wishing to save into the Membership Account must make a minimum deposit into it of £3 per week or £13 per month for the waged and £1 per week or £5 per month for the unwaged. All deposits for loan repayments or any bill-paying service or lottery payments will go into this account.

The key features of this account are:

• Instant access
• Minimum balance of £5
• Annual Target Dividend - Subject to surplus and approval by the Board of Directors

 (click here to find out more about dividends)

CLICK HERE for more information or to apply

---

The dividends on the accounts below are subject to surplus and may change at the discretion of the Board of Directors.

REGULAR SAVER ACCOUNT

This account would suit a medium-term saver who wanted to save regularly and who would prefer to access their money only a couple of times a year, for example for a summer holiday or for the festive season.

Key features of the Regular Saver account:

• Minimum investment of £20 per month or £5 per week
• Dividend - currently paid quarterly
• Lets members withdraw their dividend or transfer it to another LCCU savings account without penalty
• Four withdrawals per year

CLICK HERE for more information or to apply.

LOYALTY ACCOUNT

CHRISTMAS CLUB ACCOUNT

The Christmas Club account is an ideal way to save for the festive season. 

The key features are:

• A SAFE way to save for Christmas - Leeds City Credit Union is authorised and regulated by the Financial Services Authority and your money is as safe with us as it is with a bank or building society.
• Save as much or as little as you like between now and the end of October.
• Target dividend is currently 1% p.a.* and is paid annually on 31st October.
• Instant access to Christmas Club savings from 1st November
• No withdrawals until November meaning that your money is safe until you need it.

CLICK HERE for more information or to apply.

NOT SURE WHICH ACCOUNT IS RIGHT FOR YOU?

If you are unsure which of these accounts will suit you best please give the office a call and our staff will be pleased to help you or click on the link below to compare Savings Accounts:

Download Savings Services Leaflet - Feb 09 (206.6kb)

All the shares, or savings, your deposits are covered by our Credit Union Members’ Life Insurance at no extra cost to you. This insurance is provided by CUNA Mutual Insurance Group, an insurance company owned by the international Credit Union movement.