Regular contributions soon build up!

Savings represent money that you set aside for future use.

By putting money away regularly every week or month - you can choose to save for specific purposes such as holidays or Christmas, or just for the comfort of knowing you have something to fall back on, when faced with unexpected bills or one of life's little emergencies.

By saving regularly, you’ll be pleasantly surprised how much your savings grow over time.

All we ask is that you save a minimum of £2 a week or £10 a month into your Regular Savings Account – use the calculator below to work out how much you could save.

To start saving with Commsave, click the button below to open an account.

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Savings Calculator

I get paid:

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I want to save --- per ---

Total savings after:

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"Commsave has been a real life saver in getting my life sorted out!"

"I’ve been saving all the time with them and not really missing the money, as it comes out my wages before I get my hands on it!"

Ian from Blackpool

Are my savings safe?

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.

For further information about the scheme (including the amounts covered and eligibility to claim) please visit here.

Do I get a return on my savings?

Based on our financial performance, you'll earn an annual dividend, calculated on your average balance throughout the financial year (October to September).

After we've prepared our year end accounts, the Board of Directors ask the members to approve the dividend rate at our AGM each January. This is added to your savings account with no income tax deducted at source.

This is paid into accounts each January. (2024 4.00%, 2023 1.75%, 2022 1.50%, 2021, 2.25%, 2020 2.25%, 2019 2.25%, 2018 2.50%)

*(Expect to return 4.00% for 2022/23, but of course this depends on our financial performance)

How can I take my savings out?

The easiest and most convenient method is using our online banking or mobile app.

You can also make a request over the phone for bank transfers or the issue of cheques.

Most transfers are made instantly 24 hours a day, 7 days a week.

You must leave at least £1 in your savings account or the loan security amount of 1/3rd of the loan balance if you have a loan.

Ready to join?

If you'd like to sign up for an account, simply fill in our application form to get started.....

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