Savings are protected up to £120,000 under the Financial Services Compensation Scheme (FSCS).
Savings
Save smarter and reach your goals faster.
Grow your savings with ease and security
At Central Credit Union, we make saving simple and rewarding. Building an emergency fund? Saving for Christmas? Planning ahead?
Our savings accounts offer competitive returns, flexible access and the security of knowing your money is in trusted hands.
Who can save?
You’re eligible to save with us if you live, work or study in any of the following areas.
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Liverpool City Region
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West Lancashire
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Wigan
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Warrington
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Chester and Cheshire West
Why save with us?
Developing good savings habits builds financial security. You’ll feel better, have more freedom and find it easier to make important life decisions.
When you save with us, your money joins a shared fund that provides loans to other members. The interest earned on these loans is reinvested into the credit union, allowing us to offer better rates, services and even dividends to members.
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Choose from a range of savings accounts that make your money work harder.
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Support the community by funding responsible lending with your savings.
Easy ways you can pay into your savings account:
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By phone: Just call us at 0151 708 5515 to make a payment by card.
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In branch: Deposit cash or cheques at our branches. Cheques should be payable to ‘Central Liverpool Credit Union Ltd’ and may take up to 14 days to clear. Note: Cash deposits and withdrawals are not available at our Breck Road branch.
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Direct debit or standing order: Set up a direct debit or standing order for hassle-free regular savings from your bank account to your credit union account.
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Payroll deduction: If your employer is partnered with us, you can opt for payroll deduction for an effortless way to save.
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Benefits: Have your benefits directly deposited into your credit union account. After your savings are set aside, you can collect the remainder.
Understanding your savings withdrawal options:
- Unattached savings: You can withdraw these anytime.
- Fixed-term accounts: Withdrawing funds from promotional fixed-term accounts will cause you to lose the promotional interest rate.
- Loans and attached savings: If you have a loan, some or all of your savings might be secured against it. You might not access these funds until the loan is fully repaid. Our team is ready to help you understand your options.