Savings

SAVINGS

Key Features:

Its easy to save

Save by standing order or internet banking. Additionally, you can also save direct through payroll deduction.

Savings are protected

All savings are protected by the Financial Services Compensation Scheme up to £120,000 per eligible person.

Withdraw your savings easily

There’s no notice required if you need access to your money

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 – a Credit Union

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.

Types of Savings Account

Regular Share Account

Every member receives a regular share account, allowing flexible deposits. Start a strong savings history and it could improve your chances of loan approval

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Junior Savers Account

Help children develop good money habits early with a savings account. It’s a great way to teach financial education and encourage regular saving.

If you would like to know more about a Junior Savers Account, email credit.union@bdcu.co.uk.

Christmas Savers Account

Save throughout the year with our Christmas Savings Account. By October you’ll have funds ready to make your holiday season stress-free. Enjoy peace of mind knowing your savings are secure, with a chance to receive a yearly dividend.

If you need more information on this, contact us at : credit.union@bdcu.co.uk

T&Cs for the Christmas Saver can be found here

FoodSavers Account

FoodSavers combines low-cost food markets with easy saving to reduce reliance on food banks. With every visit, £1 is saved into your BDCU account.

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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.

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.

Cllr Lord Mayor Mohammed Shafiq

former Lord Mayor of Bradford

BDCU was there for me when I needed my first loan 15 years ago. Saving via my council payroll has helped me get into the savings habit and I don’t even notice it till I log in and see my growing balance. Taking a loan is easy and I pay this back from my payroll too.

Jenni

Credit Union Member

This scheme has made a difference to me. I will continue to save each month because it’s money I have accounted for when I have budgeted and next summer I’ll have saved enough to not worry as much and I have been meaning to open a savings account for ages but not got around to it, this would be a really good incentive to do it

Asma