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Shares

Savings

Whether you save a little or a lot, putting money aside on a regular basis means you will be working towards managing your money better, giving yourself something to look forward to and providing you with a nest egg to fall back on, should the need arise.

Saving money with Central Liverpool Credit Union gives you:

  • Flexible and easy access to your savings
  • Safe and ethical way to save
  • Competitive return (annual dividend on your savings shares)
  • Free life insurance (terms and conditions apply)

Join Central Liverpool Credit Union and begin saving today.

Our flexible savings accounts offer great value for everyone:

Basic Share Account

When you join Central Liverpool Credit Union we open a basic member account for you. This is often referred to as a share account and is suitable for everyone and provides you a flexible and easy option to saving.

Flexible Ways to Save

There are a number of options to save:-

  • Deposit cash/ cheques or debit card 
  • Set up a regular standing order to your savings (share) account.
  • Set up payment via payroll membership.
  • Pay benefit payments directly to your account.

Everyone benefits from regular saving, it allows us to work towards our financial goals and gives us peace of mind should an emergency arise.

Credit Union members can save as little as ?1 per week. Small regular amounts soon add up and remember at the Credit Union you are not just another customer, but a co-owning member of an organisation which provides security and protection.

The tables below give examples of how regular savings can soon add up!

 

Weekly Savings Table

 

Amount Saved:

?2

?5

?10

?20

?25

Year 1

? 104

? 260

? 520

?1,040

?1,300

Year 2

? 208

? 520

?1,040

?2,080

?2,600

Year 3

? 312

? 780

?1,560

?3,120

?3,900

Year 4

? 416

?1,040

?2,080

?4,160

?5,200

Year 5

?520

?1,300

?2,600

?5200

?6,500

 

Monthly Savings Table

 

Amount Saved:

?10

?15

?30

?40

?50

Year 1

? 120

? 180

? 360

? 480

? 600

Year 2

? 240

? 360

? 720

? 960

? 1200

Year 3

? 360

? 540

? 1080

? 1440

? 1800

Year 4

? 480

? 720

? 1440

? 1920

? 2400

Year 5

? 600

? 900

? 1800

? 2400

? 3000

Save as little or as much as you can afford;

  • Easy access if you wish to make a withdrawal (if not pledged against a loan)
  • You will automatically receive free life insurance on your savings;
  • Confidentiality is respected at all times;
  • No hidden charges or fees on any transactions
  • Credit Unions are mutual organisations-members savings are pooled to provide the resources for lending to other members; and
  • Depending on surplus available at the end of the year, shares are eligible for a dividend.

Your savings are safe with Central Liverpool Credit Union

Liverpool Central Credit Union is a member of the Government's Financial Services Compensation scheme and that means that your savings, up to a total of ?85,000 are protected.

Dividend

Central Liverpool Credit Union also pays a dividend to help make your savings grow on the Regular Savings Accounts. (Note, dividends are subject to market conditions and the discretion of the Directors and are voted on at the AGM).

Find Us here:
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Central Liverpool Credit Union Tel: 0151 708 5515 Email: enquiries@centralliverpoolcu.co.uk Web: http://www.centralcu.co.uk/
Central Liverpool Credit Union is authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential Regulation Authority. FSA FRN: 213251