Download Membership
Application
Click here to find your nearest membership centre
Saving can be made easy with payroll deductions ...
Volunteers needed
Click here more info...
West Cheshire Credit Union offers savers accounts for people of all ages.
Saving with West Cheshire Credit Union couldn't be easier. Payments can be made at any of our membership points or via PayPoint throughout the area. See below for a real example of the rewards saving can give you.
| Save £2 a week | Save £5 a week | Save £10 a week | ||||||
| After 1 Year | = | £104 | After 1 Year | = | £260 | After 1 Year | = | £520 |
| After 2 Years | = | £208 | After 2 Years | = | £520 | After 2 Years | = | £1040 |
| After 3 Years | = | £312 | After 3 Years | = | £780 | After 3 Years | = | £1560 |
| After 4 Years | = | £416 | After 4 Years | = | £1040 | After 4 Years | = | £2080 |
The maximum amount that you can hold in a West Cheshire Credit Union savings account is £10,000.
West Cheshire Credit Union is covered by the UK Government’s Financial Compensation Scheme, so all savings in a West Cheshire Credit Union savings account are safe.
Many of our members choose to save and repay loans via the Paypoint scheme.
This allows you to deposit money into your savings at any Post Office or outlet displaying the Paypoint logo (e.g. Garages, One Stop, Co-operatives, Spar stores etc.).
If you would like a Paypoint card then please call our administration team on 01244 399006
You can also save regularly by:
Although West Cheshire Credit Union cannot guarantee a rate of return on savings, we do aim to pay a dividend to shareholders and this is approved by members at the Annual General Meeting. However, the rate of the dividend is dependent on the financial performance of the credit union.
West Cheshire Credit Union, however, will pay interest on our Safekeepers' accounts (Young savers). This is paid annually at 1.5% below the Bank of England base rate.
The young savers account (Safekeepers) is designed for our junior members. By encouraging juniors to save regularly we are promoting a positive approach to putting money aside for the future, and encouraging them to understand the value of money.
Safekeepers is intended not only as a safe means of saving, but more importantly as a mechanism to educate and develop greater financial literacy skills for juniors. Throughout this year we will be holding competitions and activities for junior savers to get involved in – please contact us for more information.
Credit Unions are about community involvement so West Cheshire Credit Union is keen to work in collaboration with local schools to promote the benefits of saving regularly. If you know of a school that may be interested in getting involved in the young savers scheme please do not hesitate to contact us. Future plans include developing mini credit unions in schools so as pupils can get involved with setting up and running such a project to teach them vital business and transferable skills.
We have included some frequently asked questions but if you have any which are not answered here please feel free to contact us.
How old does my child have to be to open a Safekeepers account?
Your child can have a savings account opened for them from the age of newly born to 16.
How does my child join?
Simply complete the Safekeepers application form, and return it either to your nearest collection point or send it to our office. Alternatively if your child’s school is signed up with our scheme – you can take it directly to the school.
How much do they have to save?
Young savers can save as little or as much as they want, however, we recommend that children take no more to school than their parents are comfortable to allow.
Do young savers get interest on their savings?
Yes they do.
Can my child withdraw their savings when they want?
Yes, but there may be a short waiting period to allow us to process the request.
What will my child gain from joining?
West Cheshire Credit Union has links with a number of companies in the Chester, Ellesmere Port and Neston areas that offer Payroll Deduction.
Companies in West Cheshire are being encouraged to offer payroll deductions schemes so as to allow their employees access to the facilities of the West Cheshire Credit Union through their salaries. Those already offering and supporting payroll deduction have found a significant motivating factor in encouraging staff to save directly from their salaries.
Payroll deduction is easy for employer and employee to set up. Members through payroll deduction still have access to all West Cheshire Credit Union facilities.
If your organisation would like to know more, we would be pleased to arrange to come along and have a chat. Please contact us for more information.
Currently we provide payroll deduction to employees of: