Flexi Saver Account

Your Path to
Flexible Savings

Experience the best flexible savings accounts with Serve and Protect.

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Your go-to choice for flexible savings

Serve and Protect is committed to offering its members the best choices when it comes to savings, and this includes a range of different types of saving accounts. Our Flexi Saver account is ideal for members who want more control over their savings.

Why choose our Flexi Saver account?

The benefits of our Flexi Saver account is clear for all to see:

Depositing lump sums

You can open your Flexi Saver with a deposit of up to £40,000 – and can access your money when you wish.

Easy access

You can have a monthly amount taken from your salary on top of the amounts you deposit yourself, so the balance keeps growing.

Free life cover

If the worst should happen while you are a member of Serve and Protect , we’ll match the first £25,000 saved and your family will receive the total amount.

How our Flexi Saver account works

Our savings accounts are easy to manage. Flexi Saver users can enjoy the simplest of processes:

Complete application

Open a Flexi Saver by completing our application at the bottom of this page. Not a Serve and Protect member yet? No worries! You can still apply for an account. Our member services team will guide you through our joining application.

Make deposits

Once you have applied to open your account, you merely need to fund it – as often and with as little or as much as you want to.

Annual dividend

At the end of each year, you can receive a return, which is paid into your account to help your savings grow.

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.

You have the opportunity to open a Flexi Saver account with a maximum deposit limit of £40,000. It’s a great way to save and grow your money while enjoying flexibility and ease.

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

To open a Flexi Saver account, you’ll need to become a member of our credit union and save a minimum of £10 per month in our Regular Saver account. Don’t worry if you’re not a member yet – you can still complete our Flexi Saver application, and our friendly support team will assist you in the process of joining.

To get a Flexi Saver account, simply fill out the form below. We’re here to help you every step of the way!

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.

How to apply?

To open a Flexi Saver account, you must be an existing member of the credit union. If you are already a member, you can request a Flexi Saver account by completing our short form below.

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Archived Rates

Below, you’ll find an archive of the Flexi Saver annual dividends we’ve paid, allowing you to easily track what was provided and when.

Financial yearEffective periodAnnual dividend
2022/202301.10.2022 - 30.09.20233.50%
2021/202201.10.2021 - 30.09.20221.50%
2020/202101.10.2020 - 30.09.20211.00%
2019/202001.10.2019 - 30.09.20201.00%
2018/201901.10.2018 - 30.09.20191.00%

Other Products

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