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Savings accounts

We know it’s not always easy, but saving just a little bit can go a long way. By building up savings you can help protect yourself from unexpected moments.

We provide a range of savings accounts to suit different needs.

As an adult, a Membership Account will be opened in your name when you become a member, this account allows for unlimited deposits and withdrawals and is a place where you can save money.

Our Young Saver account will be opened for new joiners under 18. This product is designed to help young people start to build a savings habit from a young age. When the member turns 18, they can move to a Membership Account.

As a member, you can also open the accounts listed below:

Regular Saver

    • This account can be used to build a healthy savings habit and create a financial buffer.
    • Minimum balance: £20
    • You must deposit £5 each week, or £20 each month.
    • You can make up to 6 withdrawals a year.
Learn More

Christmas Club Saver

    • Helps you save for winter expenses.
    • Minimum balance: £1
    • Withdrawals only allowed between 1 November – 24 December each year
Learn More

Loyalty Saver

    • Ideal for long-term savers with large deposits
    • Minimum balance: £1,000
Learn More

Young Saver

    • A great way to get children to build healthy savings habits.
    • Minimum balance: £1
    • Unlimited withdrawals
Learn More

For existing members, simply email services@leedscreditunion.co.uk, quoting your membership number, and the savings account you would like to open. Our team would be happy to help.

If you are not a member of the credit union already, you can apply online, or in branch.

As a credit union, we offer dividends on savings rather than interest payments. This is our way of sharing profits with our members, if we make a profit within a year, they are used to: improve our services, further support the community, or are given back to our members through dividends. We announce our dividends for the year at our AGM (Annual General Meeting), which you will be invited to if you are an active member.

Find our Terms & Conditions here. You can also view our Privacy Policy, which describes how we use our members’ information.