Adults

About our savings accounts

Credit Unions rely on savings to operate. By saving with the credit union you are enabling us to provide the services to our members. Whether you're saving for a wedding, holiday, your first home or just a rainy day it's really easy to save with First Choice Credit Union.

You can save by:

  • standing order

  • paying in cash or cheques at one of our offices or collection points.

  • pay through your salary with our payroll deduction scheme.

Click here to find out more about our Christmas Savings Account

How to open a savings account

A share savings account is opened for you when you become a member of the Credit Union. You will need to fill in our Membership form and provide some identification to prove who you are. We require photo ID as well as proof of address, date of birth and national insurance number.

You need to keep a minimum of £5 in your account to keep it active, and can save up to a maximum of £15,000.

You can normally make withdrawals from your savings account at any time although we reserve the right to require a period of notice. 

 

Withdrawals

Withdrawals are made by filling in a withdrawal form. They will usually be made via a credit to your bank account, or as a cheque. Small amounts of cash may be withdrawn at our office with prior notice.

Your eligible deposits are protected up to a total of £85,000 by the Financial Service Compensation Scheme and UK Deposits Guarantee Scheme.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. FRN 213707

© 2015 First Choice Credit Union