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05 September 2010
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Save With Us

"Safe, ethical and local – Manchester Credit Union offers a wide range of services for you"

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 Manchester Credit Union we make it as easy as possible, with a variety of savings accounts and several ways to save. Whether it’s in cash at one of our branches or satellite collection points, with a standing order, direct from your wages or your benefits or by BACS directly from your bank – at Manchester 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 Manchester Credit Union, you are not just a customer of a credit union - you are a co-owning member.

Benefits of saving with Manchester Credit Union include:

• Confidentiality, security and protection
• Save as much as you can afford
• No hidden charges or fees
• Automatically receiving 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% in 2009).

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 £ 1200
Year 3 £ 360 £ 540 £ 1080 £ 1400 £ 1800
Year 4 £ 480 £ 720 £ 1440 £ 1920 £ 2400
Year 5 £ 600 £ 900 £ 1800 £ 2400 £ 3000

 

Updated: 12 November 2009