Savings

When you become a member of Wirral Credit Union we encourage you to save regularly.

In fact, it is one of our fundamental principles.

Adult Members must make regular contributions to their saving account via:

  • Payroll Deduction
  • Standing Order (Minimum £10 per month)
  • Child Benefit
  • Cash deposits at any of our branches

Open a savings account with us today

A savings account can be used for just that. Savings.

Christmas, Holidays, Car Insurance, School Uniforms, Season Tickets etc, it all comes around all to quickly.

If you don’t need to borrow then don’t.

Save from today, for tomorrow.

If you wish to make a withdrawal from your savings account, contact one of our branch offices in person or by telephone, Monday to Thursday, or via our mobile app at any time  and once the application is approved, funds can be paid via BACS transfer into your bank account the next working day. Requests made via the app outside of our opening hours will be processed as soon as possible.

Alternatively, a cheque can be posted to your home address or collected in person from one of our branches.

We do not issue loans or withdrawals in cash at any of our branches.

You can withdraw from your savings in part or in full at anytime as long as your withdrawal doesn’t take your savings account balance below any loan balance outstanding to Wirral Credit Union Ltd.

You are required to maintain a minimum balance of £5 in your savings account in order for it to remain active.

There is a £5 annual administration fee payable by all qualifying members, this is deducted from members savings account in June each year.

As Wirral Credit Union is a not for profit organisation, members will also receive an annual dividend on their savings where applicable.

If you do have a loan, just remember that, thanks to our save as you borrow policy, you will have more money saved after completing all payments due on your loan agreement than you did when you took out your loan. This is because we build a savings element into all our loan repayment schedules. Another benefit of joining Wirral Credit Union.

Key Facts

  • The Regular Savings Account is set up automatically upon joining Wirral Credit Union
  • A range of deposit methods is avaialble
  • All funds protected by the FSCS scheme
  • No penalty for withdrawals
  • Access your account via mobile app
  • Additional Deposits can be made to the account
  • Maximum of £45,000 in savings
  • Save a minimum of £10 per month or £2.50 per week
  • Potential annual dividend on savings