We’ll be increasing some of our savings interest rates from 1 August. See the changes here
Find out more about different options below - from flexible instant access savings, longer-term investing options, tax-free ISAs to children's savings.
Whether you're new to saving, or more of an expert, we're here to help you find the right option to help you plan for your future.
Commonly used for:
Getting into a regular savings habit
Flexibility in building up a savings pot
Achieving the higher interest rate on balances up to £1,000
Plus, you could top up with Round Ups
AER/Gross p.a (variable)
Exclusively for current account customers, aged 16 and over. residents only.
AER/Gross p.a. (variable)
Exclusively for current account customers, aged 16 and over.
Commonly used for:
Earning higher interest on larger pots of savings
Note: all our savings accounts are protected by the FSCS guarantee up to a certain limit. For more info see the bottom of this page.
Plus, you could top up with Round Ups
AER/Gross p.a. (variable)
Exclusively for current account customers, aged 16 and over.
Commonly used for:
Growing your savings and maximising returns over the longer term
A simple and affordable way to help make your money work harder for you and your family
Withdraw at any time, although investing is designed for the longer term
The value of investments can go down as well as up. Your capital is at risk. Eligibility criteria, fees and charges apply.
Commonly used for:
Helping children learn how to save
Storing pocket money
Saving for your child's future
Plus, you could top up with Round Ups
AER/Gross p.a. (variable)
Eligibility criteria and conditions apply.
Commonly used for:
Locking away spare savings for use in the future
Maximising tax-free interest earned
Certainty on what interest you'll earn on your savings
AER/Gross p.a. (fixed)
You must be 16 or over, resident for tax purposes and must not have subscribed to another cash ISA in the same tax year.
Commonly used for:
Earning interest on savings that would otherwise be taxed
Building up a tax-free savings allowance
AER/Gross p.a. (variable)
You must be 16 or over, resident for tax purposes and must not have subscribed to another cash ISA in the same tax year.
Savings have the advantage of being dependable, predictable and easy to access. If you know you'll need a set amount of money in the next 12 months, for example, then regularly depositing in a savings account may be the best solution. Savings will grow over time as more money is put away and interest accrues on your balance.
If you are saving for a longer-term goal, typically five years or more, investing your money has the potential to grow your money and help protect your buying power from the effects of inflation.
The value of investments can go down as well as up, your capital is at risk. Eligiblity criteria, fees and charges apply.
Find out how you can use our Savings Goal Tool using your mobile app as well as other top tips to help you save. You can log in and manage or close your savings account and learn about your personal savings allowance.
Your eligible deposits held by a establishment of Ednites Credit Union are protected up to a total of £85,000, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Find out more (PDF, 3k KB) about the scheme and how it protects your money.
Investments through Ednites Credit Union Invest may also be covered by the Financial Services Compensation Scheme in some scenarios. You can find out more here.
