Services to Savers

Fun loving

Time to Save

Coastal Credit Union members are pleasantly surprised at how easy it is to start a “savings habit”, and how much having a little money put away can build confidence and promote a feeling of security.
 

Set Your Sights

Some like to save for a specific goal whilst others just like the security of knowing they have a pot of money which is protected and is easily accessible. Savings can be split into as many different accounts (“pots”) as the member needs.
 

Making Things Easy

It’s easy to save! Members can save as much or as little as they like in a number of ways:

    • paying in cash or cheques at Coastal Credit Union’s convenient local collection points (for details see our Contact us page);
    • using a PayPoint card at participating post offices or shops;
    • setting up a standing order for a regular amount (from £5 per month);
    • paying by BACS from other bank / building society accounts;
    • saving directly from wages via workplace savings schemes run by local employers;
    • from salary and/or benefits.

young girl

Junior Savers

Junior savers (aged 0-16) enjoy feeling in charge of their own money, saving it for a trip, new football kit, a bike, or the latest computer games. Parents, grandparents and other relatives can help, making deposits for Christmas and birthdays as an alternative to other gifts. Junior savers currently receive 1.5% interest, do not pay a membership fee and have no hidden charges on any transactions.

Junior Saver Application Form

 

Benefiting you and your community

    Community
    When you save with Coastal Credit Union, you know that the only people who are benefiting are your neighbours or colleagues. Credit Unions keep money within a community, in this case within Dorset, because there are no outside shareholders to pay.
    Reward
    Dividends are paid to savers once a year, based upon the Directors recommendation and subject to members’ votes, based on any surplus achieved by Coastal Credit Union.
    Protection
    All individual savings are protected by the Financial Services Compensation Scheme, currently up to a total of £85,000 per member.

Fraud is a criminal offence and any suspicious activity will be reported.