Savings
Why save with Metro Moneywise Credit Union
MMCU philosophy is to encourage savings and help build up some financial reliance. It is never to early or late to develop a healthy savings habit. Whether you’re looking to save for a holiday or plan for the future, or just have some funds put aside for a rainy day, we are here to help you through you’re the up and downs of your financial life.
If you work for one or payroll partners you can save direct from your salary, it simple, safe and secure. We also offer direct debit for family members and health and social care providers.
All savings are full protected by the Financial Services Compensation Scheme.
You can save anything from £5 to £500 per month in your main savings account, and you must keep a balance of £5 in your account to keep it active. You can also make an extra deposit of £5,000 over a rolling 12 month period.
You also have the option to open a Prize Link Savers account, and the maximum balance you can hold in this account is £5,000.
The overall savings limit is £85k which is fully protected under the financial services compensation scheme.
Hassle-Free Savings
Metro Moneywise Credit Union provides you with an easy way to save directly from your salary or by Direct Debit.
Annual Returns
Each year we pay a competitive annual dividend on your savings.
Fully Protected
Your savings with Metro Moneywise are fully protected by the Financial Services Compensation Scheme (FSCS), so your money is safe with us.
- Minimum savings - £5 per month
- Maximum savings - £500 to share 1 (main savings)
- Prize Link Savings – can save up to £5,000 in this account
- Lump sums – Up to a maximum of £5,000 over a rolling 12 month period
- Instant Access – request made before 3pm on workings days will credit your bank by 6pm the same day
- Unlimited withdrawals – no limits on withdrawals (unless savings are secured against your loan)
- Annual Dividend – as we are a not for profit financial co-operative profits are paid back to our members by way of an annual dividend, once reserves and running costs are met.
I want to check my Credit Union account online
As a mutual savings credit union, we’re able to reward our members with annual dividends: any profit that we make in interest throughout the year that doesn’t go to the running of the business is paid back to you. We believe it’s the right thing to do. With a credit union minimum balance of just £5, we help our members remain shareholders in the company even if they have to take out large withdrawals.
Discover more about Metro Moneywise credit union loans and savings and how they help members achieve financial independence on our members’ page. If you want to learn more about budgeting towards christmas savings, holiday savings, or credit union saving for a rainy day fund, check our blog for tips and resources.
Is your employer a partner with us? Open a credit union UK savings account with us today and begin taking advantage of our members’ benefits.
