Loyalty Saver

Savings

The easy and ethical way to make your savings go further. You can start saving from as little as £5.00 on a regular weekly/bi-weekly or monthly basis.

The Benefits of our Savings

Key features of our Loyalty Saver Account

No transaction fees

No hidden charges

Save as much or as little as you like

Save on a weekly or fortnightly basis

Make deposits through a bank

Make deposits by cheque/standing order

Your savings are 100% protected

Start saving from as little as £5.00 weekly

Save with us today

Whatever you're saving for PCU can help. With our Loyalty Savers Account we provide a safe option to make your savings go much further. Plus as we only serve our membership, as you save you're also helping build up a pool of funds that other members can benefit from.

Things to remember

There is no minimum age to start saving with us, however you must be an existing member of The Pentecostal Credit Union.

By law we cannot pay a guaranteed interest rate on savings. Instead we pay an annual dividend that is agreed by members at the AGM.

Loyalty Saver

Savings as shares in a Credit Union are a better way to save. You are not just another customer but an active member of a highly successful financial co-operative. Yes, you have a share in the ownership of the Credit Union. Along with having a say in the operation of the Credit Union you also earn dividends.

Members are asked to save regularly, and to cultivate a habit of saving. This pool of savings from members then becomes available for all members to draw on should they need money, subject to certain conditions.

You can start saving from as little as £5.00 on a regular weekly/bi-weekly or monthly basis, and savings can be deposited through your bank, or by sending in a cheque, or more conveniently by Standing Order. It is as simple as that!

Savings can be withdrawn at anytime subject to The Pentecostal Credit Union’s Rules. Members become eligible to apply for a loan on day one of membership, subject to credit and affordability checks.

Member’s savings are protected by the Financial Service Compensation Scheme (FSCS). The FSCS protects most depositors, including individuals and small companies, up to £85,000.