By putting a little aside on a regular basis you not only have something to look forward to, but also something to fall back on, should the need arise. Saving in a Credit Union is a better way to save. You are not just another customer but an active member of a highly successful financial co-operative. Each member holds a share in the ownership of the Credit Union, and along with having a say in the operation of the Credit Union,you could also earn dividends on every share held.
2.0% Dividend Paid on 01 Share Accounts For 2016!
Benefits of Credit Union savings;
We offer a variety of savings accounts;
Regular Savings Accounts
All members are issued with a regular savings account when they join the credit union. This account can be used for general savings or to access loyalty loans after regular savings deposits are made (Terms and conditions apply).
Modern living involves the payment of all kinds of regular bills, such as TV license, Insurances , electricity, road tax etc. Using our Budget account allows you to save for these expenses over a period of time making payment easier and less daunting.
Instant Access Account
Savings that can be accessed at any time. These savings are unattached from any loans and cannot be used as collateral against a loan.
Christmas Saving accounts
Allows you to save throughout the year until December to help cover the cost of Christmas.
There are two additional interest bearing accounts open to existing members only:
Gold Savers Account:
These accounts require a one off payment minimum £2500 maximum £10,000. No further funds can be added to the account throughout the term of the financial year. Deposits into these accounts are excepted for a period as set by the Board of Directors and will be closed when they rich an amount agreed by the Board.
An "Annual Interest amount of 2.5%" is payable on a Gold saver account, (Calculated at lowest balance per calendar month)
Download an application
Special Savers Account: A Minimum of £100 per month, maximum up to £10,000 over a one year term. A regular payment must be made throughout the term of the financial year. If you miss a payment into your special Savers Account we may contact you to remind you to contribute. If you do not start contributing as soon as possible we will close your Special Savers Account and transfer your balance into your normal Share Account.
An "Annual Interest amount of 2.5%" is payable on a Special Saver account, (Calculated at lowest balance per calendar month)
Gold and Special Saver Accounts are only open for a prescribed window as decided by the Board of Directors or when they reach their maximum shareholding as agreed by the Board of Directors. The renewal of these accounts will be subject to the credit union being in a position to offer or wishing to continue to offer such accounts.
Download an application
Enterprise offers Young Savers account – a great way for kids and young people to save money and plan their spending on young saver.
Ways to pay:
The tables below give examples of how regular savings can soon add up!
Weekly Savings Table
|Year 1||£ 260||£ 520||£1,040||£1,300|
|Year 2||£ 520||£1,040||£2,080||£2,600|
|Year 3||£ 780||£1,560||£3,120||£3,900|
Monthly Savings Table
|Year 1||£ 240||£ 360||£ 480||£ 600||£ 1200|
|Year 2||£ 480||£ 720||£ 960||£ 1200||£ 2400|
|Year 3||£ 720||£ 1080||£ 1400||£ 1800||£ 3600|
|Year 4||£ 960||£ 1440||£ 1920||£ 2400||£ 4800|
|Year 5||£ 1200||£ 1800||£ 2400||£ 3000||£ 6000|
Enterprise Credit Union is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority. Firm Reference Number (FRN) is 213291.©2016 Enterprise Credit Union All Rights Reserved. Site by / KeeleSoft / Birdinkweb