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Regular Savings Account

Start Saving with Our Regular Savings Account

Open a Regular Saver today and take control of your financial future. Whether saving for a rainy day, a big purchase, or your long-term future, our Regular Savings Account helps you reach your goals with flexibility and ease.

Open a Regular Saver
Smiling man with a positive attitude, enjoying the benefits of saving.
FSCS logo - ensuring protection for depositors and investors in the UK.

Why Choose Our Regular Savings Account?

At Serve and Protect, saving is simple and automatic. Set up monthly deductions directly from your salary, and watch your savings grow without any effort. It’s a hassle-free way to build your financial security.

Enjoy easy, consistent saving. With no monthly fees, a competitive annual dividend, and access to your funds anytime through our online banking or mobile app, saving for your future has never been easier!

Open a Regular Saver
  • Save regularly from as little as £10 per month with the ability to change your amount anytime.
  • Withdraw funds whenever you want, without restrictions or penalties.
  • Receive an annual dividend based on your average savings balance through our financial year.

Automatic Deductions

If your employer is signed up, you can enjoy seamless deduction directly from your salary, so you don’t even have to think about it.

Easy Access

Whenever you want to make a withdrawal, you simply need to log in and start the process.

Flexibility

If things are a little tighter one month, you can make a smaller deposit, or increase your amount if you’re in a position to.

Happy man writing down the advantages of a Regular Savings Account, such as automatic savings and a competitive annual dividend.
Happy man writing down the advantages of a Regular Savings Account, such as automatic savings and a competitive annual dividend.
Happy man writing down the advantages of a Regular Savings Account, such as automatic savings and a competitive annual dividend.

How our Regular Saver account works

It’s never been easier to open a Regular Saver account.

Step 1

Apply online

Our simple application process can be completed in just a few minutes.

Step 2

Fund monthly

You can choose an amount to go straight from your salary each month into your Regular Saver.

Step 3

Change when you want

If you get a pay rise or have an increase in your outgoings, you have the flexibility to change your monthly deduction without fuss.

Savings Calculator

Do you have a savings goal in mind? Perhaps you’re envisioning a down payment for your dream home or an unforgettable getaway. Whatever it may be, our savings calculator can help you determine the contribution needed to achieve your goal. Let’s make your dreams a reality!
6 months savings
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1 years savings
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3 years savings
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Frequently Asked Questions

You have the flexibility to save as little as £10 per month or up to £1,000 per month through regular deductions. Start small or aim higher – the choice is yours! Let’s make saving easy and achievable.

We take great pride in rewarding our valued members with a savings return in the form of an annual dividend. 

It’s important to note that our annual dividend is determined based on the surplus profits of the credit union, and it is proposed by the Board to our members at our Annual General Meeting each year.

Absolutely! You have the flexibility to withdraw your money whenever you need it. Just use your online banking, mobile app, or give us a call, and we’ll assist you in withdrawing the desired amount.

In addition to your monthly deduction, you have the flexibility to make extra deposits whenever you like.

When you save monthly with deductions from your salary, please keep in mind that the deductions are taken after taxes and any other pre-tax deductions.

You might need to pay tax on the interest or dividend you receive from your savings accounts with us. This will depend on your personal financial situation. For more information, please visit https://www.gov.uk/apply-tax-free-interest-on-savings

Rest assured, all our savings products are protected by the UK’s Financial Services Compensation Scheme (FSCS), guaranteeing your savings up to £85,000. Any deposits exceeding the current limit are not covered. For additional details about the FSCS, please visit www.fscs.org.uk

All our savings accounts include free life cover up to £25,000 (up to the age of 65). This means, should the worst happen, your savings could be doubled up to the first £25,000, allowing you to support your family when they need it most. 

The free life cover benefit is subject to the terms and conditions of Serve and Protect Loan Protection and Life Savings policies, arranged by CMGL and underwritten by Covea Life Ltd. Note that this protection is a benefit of membership provided at no extra cost to the member. The Credit Union is the policyholder for Loan Protection and Life Savings.

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Start your journey towards achieving your savings goals by opening a Regular Saver account today!

Get Started

Other Products

Find out more about our other products and how they can help

Cash ISA

Grow your savings tax-free with a fixed interest rate.

Fixed Saver

Lock in your savings for guaranteed interest returns.

Prize Saver

Save while enjoying opportunities to win prizes.

Junior Saver

Save on behalf of your children or grandchildren for a secure future.

Flexi Saver

Flexible, easy-access savings with the option to add lump sums anytime.

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Bank Holiday Hours

Please Note: We will be closed on Friday 18th April and Monday 21st April for the Easter Bank Holiday weekend. Any transactions made after 2pm on Thursday 17th April will be processed on Tuesday 22nd April. We appreciate your understanding.