We belong to our members

A savings account is a type of account that’s provided by a bank or building society to keep and grow your money. People open savings accounts for all sorts of reasons. Maybe you want to put money away for something for your future, such as a house deposit or retirement. Or you may want to save up in the short term for a big purchase like a new car or a holiday. Whatever your aim, a savings account could help you reach your financial goals by offering a place to build your money.

You’ll find a few different types of savings accounts in the UK and we typically offer a variety of them.

Like any bank or building society account, a savings account provides you with a place to keep your money. Likewise, it can give you the opportunity to grow it via the interest it earns.

We’ve been providing savings accounts to our members for more than 140 years now. While you save with us, your money is protected by the Financial Services Compensation Scheme (FSCS). The FSCS protects account holders with UK-authorized credit unions, banks and building societies (like us) up to a limit of £85,000 per eligible depositor.

Interest: Many people open a savings account to try to grow their money for the future. Savings account interest rates are sometimes higher than those you’ll find in an everyday current account, which is why they could be the best place to get your money working harder for you.

Dependable: Another plus for savings accounts is that they provide you with a proper place to hold on to your money. Using a savings account helps separate your everyday spending from the money you want to keep for the future, so it could help you develop better saving habits.

Ease of access: We try to make setting up a savings account with us as simple as possible for you. In fact, you can get started with opening one online right now. You’ll also find many of our saving accounts allow you to access your cash whenever and wherever you need it.

We offer a few different types of savings accounts. Compare our full range of savings accounts online to see more of what’s on offer and find a way to save that suits you.

Cash ISAs

A Cash ISA allows you to save and earn interest on up to £20,000 per tax year without paying any tax on your savings. There’s a range of Cash ISA types to choose from.

Fixed Rate Bonds

Fixed-rate savings bonds often give you a higher interest rate in exchange for your money being locked away for the duration of the bond. Bonds are great if you've got a lump sum you want to deposit and don't plan to touch for a while. You'll usually get a fixed interest rate, so you’ll know exactly how much money you’ll have earned by the end of the bond.

Online Easy Access

If you're after convenience and easy access when it comes to managing your money, an Easy Access online savings account offers just that. You can manage your money whenever and wherever you want and make cash transfers to nominated accounts. You might not get quite as good an interest rate, but you'll have better access to your savings if you need to make withdrawals.

Easy Access

Our Easy Access accounts are built with more flexible saving in mind. An Easy Access Saver might work for you if you’re looking to save and top up your account regularly, but also need access to your money more regularly.

Regular Saver

As the name suggests, our Regular Saver accounts are suited to savers who are looking to top up their accounts every month and won't dip back into their savings too often. You’ll get a variable rate of interest and be able to make monthly deposits to reach your long-term saving goals.

Children's Savings

If you want to save for your children, you can open a savings account in their name and top up savings over time as the authorised signatory on the account. It's an easy way to set your little ones up for the future.