Save With Us
Saving money is really important – whether it is just for a rainy day or for something a little bit more special. And everyone benefits from having savings – no matter how much or how little money you have. Having some savings allows us to work towards our financial goals and gives us peace of mind should an emergency arise.
Committing yourself to a regular saving pattern can be difficult, but at Tamworth Credit Union we make it as easy as possible. Whether it’s in cash at our main office or satellite collection points, with a standing order, direct from your wages or your benefits or by BACS directly from your bank – at Tamworth Credit Union there are many convenient ways to save.
We also offer easy payroll deduction. By transferring regularly from your wages straight to your credit union account you can watch your savings grow. Credit Union members can save at an affordable level – be it £1 or £100. Small regular amounts soon add up and remember, at Tamworth Credit Union, you are not just a customer of a credit union - you are a co-owning member.
Benefits of saving with Tamworth Credit Union include:
- Confidentiality, security and protection
- Save as much as you can afford
- No hidden charges or fees
- Receive free life insurance on your savings
- Savings are pooled to provide the resources for lending to other members
- Depending on reserves, members are eligible for an annual dividend (this was 1.5% in 2009).
Savings Examples
Just look at how regular savings can soon add up!
Weekly Savings Table
| Amount Saved |
£2 |
£5 |
£10 |
£20 |
£25 |
| Year 1 |
£104 |
£260 |
£520 |
£1,040 |
£1,300 |
| Year 2 |
£208 |
£520 |
£1,040 |
£2,080 |
£2,600 |
| Year 3 |
£312 |
£780 |
£1,560 |
£3,120 |
£3,900 |
| Year 4 |
£416 |
£1,040 |
£2,080 |
£1,460 |
£5,200 |
| Year 5 |
£520 |
£1,300 |
£2,600 |
£5,200 |
£6,500 |
Monthly Savings Table
| Amount Saved |
£10 |
£15 |
£30 |
£40 |
£50 |
| Year 1 |
£120 |
£180 |
£360 |
£480 |
£600 |
| Year 2 |
£240 |
£360 |
£720 |
£960 |
£1,200 |
| Year 3 |
£360 |
£540 |
£1,080 |
£1,400 |
£1,800 |
| Year 4 |
£480 |
£720 |
£1,440 |
£1,920 |
£2,400 |
| Year 5 |
£600 |
£900 |
£1,800 |
£2,400 |
£3,000 |