Savings

Savings

At Advance Credit Union, we believe that saving should be rewarding and accessible for everyone.

Our Savings:

Happy black couple having meeting with their insurance agent in office.

Savings Account

Whether you’re saving for a rainy day, a big purchase, or just want to create healthy financial habits, this account offers the perfect easy-to-use solution for you. Providing flexible deposits, and simple withdrawals with the right security and protection needed.

Attached Savings Account

Save while you borrow, this account allows you to build savings naturally while repaying a loan—portioning part of the loan repayment into a savings account. With the Attached Savings Account, you’re not just repaying a loan. You’re also investing in your financial future.

Junior Savings Account

Start building a brighter financial future for your child with the Junior Savings Account designed for children under the age of 18, encouraging healthy savings with no fees and flexible saving options. This savings account is perfect for those looking to learn and grow.

Christmas Club Account

Ease your way into the season with our Christmas club account, withdrawals are open from November to December. With this account, you can steadily save throughout the year ensuring your savings are ready for the festive season.

Why save with us?

Easy Access to Your Funds:

Withdraw your money when needed, with simple and straightforward access to your savings.

Safe and Secure:

Your savings are protected by the Financial Services Compensation Scheme (FSCS)

Membership Benefits:

As a member, you’re not just a customer. You’re an owner! This means you have a say in how the credit union is run, and you benefit from our community focus.

Convenient Mobile Access:

Manage your savings on the go with our mobile app, making it easy to check your balance, make deposits, and track your progress anytime, anywhere.

Save Your Way:

Choose the account that fits your goals, whether it’s for a big purchase or just a rainy day.

Support Local Growth:

By saving with us, you help address local economic needs and contribute to transforming lives in our community.

Online Savings Access:

FAQ’s about Savings:

How do I withdraw my savings?

Head over to our mobile app and withdraw the amount you want to the account details. Simple as that!

Do I get any interest on my savings?

Instead of paying interest, when the credit union performs well, a dividend is awarded at the end of each year. The more you save, the more dividends you earn. The dividend is approved at the Annual General Meeting (AGM) and is typically paid to members before the end of April.

What ID do I need to provide?

We require proof of identity and address for all members to verify legislation, this can include:
1. Valid Passport
2. Valid Driving licence (full or provisional)
3. Identity Card issued (by the Electoral Office or Northern Ireland)

If you do not hold any of the documents listed then two documents (from the last 3 months) are required from the following list:
1. Benefits Letters (first proof)
2. Council Tax Letters (first proof)
3. Utility Bill (second proof)

Does it cost to open a saving account?

No, it’s free. We do however require a minimum of £5 to activate your account. Which then gets transferred to your account. It is essential that at least £5 be in your account to keep it open.