Bradford District Credit Union helps members to get into a savings habit. Even when you borrow from us, a proportion of your payment will be allocated to your savings account. As a result you'll start building a safety net, reducing your need to borrow in the future.
If you find it hard to save, read our money tips to help get you started.
With Bradford District Credt Union:
Savings are protected
All savings are protected by the Financial Services Compensation Scheme
Withdraw your savings easily
There's no notice required if you need access to your cash
Improve your chances of getting a loan
A good savings habit means it's more likely we'll grant you a loan
Own part of the business
Savings in a Credit Union are known as ‘shares’. This is because when you save with the Credit union you own a part - or share - of the business.
Saving with BDCU is ethical because we don't pay set interest. Instead a profit sharing ‘dividend’ is paid when we have surplus. Consequently our savings are ‘Faith Friendly’ for people who cant take interest.
Types of saving account
Regular Share Account
Every member has a regular share account. Because of this, you can pay in as often as you like with regular deposits or lump sums.
Importantly, the savings balance is taken into account when assessing your application for a loan. Therefore, a good savings history means you’re more likely to be accepted for a loan. Furthermore, savings can be used as security for your loan, meaning you can access higher value loans.
Junior Savers Account
Basic financial education from an early age is one of the most important things we can teach our children. Therefore, setting up a savings account is a good way to teach children the importance of money management and develop a regular savings habit today. Read more.
Christmas Savers Account
Our Christmas Savings Account helps you to save money over the course of the year. As a result, by November, when you’re looking to start Christmas shopping or are organising festive treats and fun nights out, you have funds available and ready to use.
Unlike hamper schemes, your savings are safe and what’s more may receive a dividend each year, provided you keep the account open.
Please note that there's a minimum payment of £2 per week or £10 per month. The maximum weekly payment is £50 or £200 per month.
FoodSavers is a partnership project Inn Churches and the Credit Union. Importantly, this project aims to reduce dependency on food banks by combining sustainable low-cost food markets with easy saving. For each visit £1 is paid into your BDCU savings account.
Find a foodSavers (TM) Outlet: FoodSavers Network - Bradford Foodbanks
Ready to find out more about saving with us?
Whether you're a member or not, it only takes a few minutes to start saving with us.