What savings accounts do you offer?

We have nine savings accounts. Current rates for each are on our savings page.

Accounts that pay interest

• Cash ISA: tax-free instant access savings.
• Junior ISA: tax-free savings for under 18s, locked until they turn 18.
• 12 Month Term Deposit: a fixed rate on a lump sum for 12 months. You can't withdraw during the term.
• Premier Savings: a regular savings account for members saving every month.
• Platinum Savings: a lump sum savings account.

Interest rates on these accounts are either fixed or variable, as shown on the savings page. Variable rates can change.

Accounts that pay a dividend

• Instant Access Share Account: your main membership account, opened automatically when you join. Some documents call it your Share 1 account.
• Christmas Saver: spread the cost of Christmas through the year.
• Joint Savings: a shared account for two members.
• Junior Savers Account: the main account for junior members.

Some members also have a Share 2 account, a second share account that pays a dividend in the same way. A dividend is paid once a year, from any surplus we make. It's decided at our Annual General Meeting and approved by members, so it isn't guaranteed and can change from year to year. See our AGM page for the latest decision.

Your savings are protected

Eligible deposits are protected by the Financial Services Compensation Scheme up to £120,000 per member.

If you're not sure which account you have, check the app or send us a secure message.

Membership eligibility criteria apply.