Cash ISA


ISAs, or Individual Savings Accounts, were set up by the government to encourage people to save, and offer significant tax benefits. There are many types of ISA.


Instant Access Savings Account

If you want a savings account that pays a good return, whilst leaving your money accessible, just in case, then this account is for you.

We normally expect you to save at least £20 per month, unless you have a fixed term ISA with us. You can save more.  The maximum we can hold for any single member is £15,000.

Your savings can be easily accessed by giving us instructions in writing by sending an email to providing you wish to have the money sent to an account in your own name.  Your money is sent direct to a bank account and is usually credited within two working days of our receiving your written instruction, subject to your bank being in the “Faster Payment” scheme.

Interest is not paid on savings, but once a year your account will be credited with a dividend based on the Credit Union’s results for the previous year. If a dividend is paid it will be subject to income tax. Dividends are  paid by us gross, so if you do not pay tax you do not have the problems of reclaiming it.

You can save with us in a number of ways, by direct debit, standing order or if you are working for an employer who operates a payroll deduction service then you can save from your monthly salary.

Should you wish to close your account with us, you can do this by completing and submitting the form located here.

Most importantly, like all the money you deposit with us your account is completely safe.  We are a member of the Financial Services Compensation Scheme (an industry scheme underwritten by the government, to which we contribute), so your savings are absolutely secure.