Why Open a Savings Account?
Secure your financial future with our savings account—start growing your savings today with no monthly fees
Savings
Our goal is to motivate members to save regularly with no minimum deposit required after account opening. Members can save for specific items or events, as well as to prepare for unexpected expenses. Waterside Credit Union offers the following savings accounts:
- Shares
- Easy shares
- Christmas savings
- Holiday Savings
The maximum savings balance permitted in Waterside Credit Union is £25,000, across all your savings accounts.
Please note that different limits may apply to each specific savings account. Contact the office for the exact limits for each account.
Deposits can be made in the following ways:
- Over the counter in the office
- Over the phone by debit card
- Online via our website
- By standing order
- By direct debit.
Payments can be distributed among multiple accounts; for instance, deposits can be distributed between a member’s shares, loans, or other family members accounts, from a single direct debit payment.
The maximum cash withdrawal allowed is £2,000 per transaction; any amount exceeding that must be transferred to a UK bank account in the member’s name.
Additionally, the Credit Union offers Life Savings Insurance cover on the savings of eligible members. Click here for more information.
We encourage all members to fill out a Nomination of Beneficiary Form. Click here to learn more.
