Saving

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 Credit Union:

  • It's easy to save

    Save by standing order, PayPoint or internet banking. Additionally, you can also save direct from your pay packet.

  • 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.

Faith friendly

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 can't take interest.

Cllr Abid Hussain

former Lord Mayor of Bradford

Bradford District Credit Union is a safe place for Muslims and people of all faiths and none to save ethically that is used to help the community.

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, you 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 Account

FoodSavers is a partnership project between 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.

START SAVING