There are many advantages to saving on this account and your savings are as safe as they would be in a bank or building society.

Every member of the Credit Union must invest a minimum of £5.00 in this account and maintain a minimum balance of at least £5.00 to remain an active member of the CU.

Savings are flexible to suit your need however members must agree to make regular payments to their saver plus account however there is no minimum and maximum amounts so you save as little as 50p or as much as your circumstances allow.

Saving money into this account is easy and you can choose from the payment options available.

As soon as you activate this account you immediately gain access to all the other products and services provided by the Credit Union. In addition this account gives you the right to participate in the democratic process where every adult member is entitled to vote and has an equal chance to serve on the Management Committees.

The saver plus account also has other major benefits including:

• Dividend Payments
  BASED ON ANNUAL SURPLUS AFTER BUILDING RESERVES, CREDIT UNIONS PAY A BONUS TO SAVERS. THE MAXIMUM ALLOWED BY LAW IS 8%. THCCU IS A NEW CREDIT UNION AND IT WILL TAKE SOME TIME BEFORE WE WOULD BE ABLE TO PAY A 8% RETURN HOWEVER AT PRESENT WE PAY BETWEEN 1 - 2% ON ADULT SAVERS AND 5% ON JUNIOR SAVERS. AS THE CU GROWS WE EXPECT THIS PAYMENT WILL INCREASE.

• Free insurance protection*OST WE ALSO GROW THE LEGACY YOU LEAVE
  AS AN ADDED BENEFIT TO YOU AND AT NO EXTRA CTO YOUR LOVED ONES UPON YOUR DEATH. THIS FREE INSURANCE OFFERS REASURANCE AND SECURITY IN WHAT CAN BE AN UNCERTAIN FUTURE. IMNAGINE YOUR SAVINGS UP TO £3,500 COULD BE DOUBLED OR TRIPLED (ACCIDENTIAL DEATH) AT NO ADDITIONAL COST TO YOU. START SAVING NOW AND SPEND LESS TIME WORRYING ABOUT THE FUTURE. THEY’LL BE PROTECTED IN A SAFE, SECURE ENVIRONMENT WITH EASY ACCESS WHEN YOU NEED THEM.

• Protection under the Financial services compensation scheme (FSCS)
  THIS SCHEME PROVIDES A FINAL SAFETY NET IF A BANK, BUILDING SOCIETY OR CREDIT UNION SHOULD COLLAPSE. IF THE WORST SHOULD HAPPEN, THE SCHEME IS ABLE TO PROVIDE SUBSTANTIAL COMPENSATION TO ENSURE THAT YOU DO NOT LOSE ALL YOUR LIFE SAVINGS; THE SCHEME PROVIDES THE SAME COMPENSATION FOR BANKS, BUILDING SOCIETIES AND CREDIT UNIONS AS FOLLoWS: 100% COMPENSSATION FOR THE FIRST £2,000 OF SAVINSG AND 90% COMPENSATION FOR THE NEXT £33,000 OF SAVINGS.

• Access to affordable loans
  ALL MEMBERS OF THE CU AGE 18 AND OVER HAVE ACCESS TO OUR RANGE OF LOAN PRODUCTS.

• Cheque encasement services*
  WE PROVIDE A LIMITED CHEQUE ENCASHMENT SERVICE, WHICH IS BASED ON SALARY, COUNCIL OR DWP CHEQUS ONLY. THERE IS NO CHARGE FOR THIS SERVICE BUT CERTAINS CONDITIONS APPLY.

• Chance to vote at AGM
  
• Chance to serve on Management Committee

WITH SO MUCH ON OFFER... WE WON'T BLAME YOU IF YOU BECOME A SAVEAHOLIC SAVING PLANNER.