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Regular Saver Account

The Regular Saver Account is perfect for longer-term savers who want to deposit regularly and build up a financial buffer.

It’s a great way to help you get into a regular saving habit and as long as you make the minimum monthly deposit, you can save as much as you want – it can soon build up – and it’s the ideal way to save for a holiday or a new car.

Account name

  • Regular Saver

What is the interest rate?

  • Unlike banks and building societies, we don’t pay an interest rate on your savings. Instead, we aim to pay a quarterly/annual dividend to all qualifying members. The amount of the dividend is set by the Leeds Credit Union Board each quarter/year. Please be aware that some years no dividend may be paid.

How do I open and manage my account?

  • You must be aged 18 or over;
  • You must be a member of Leeds Credit Union. To become a member you must live or work in Leeds, Wakefield, Harrogate, Craven or the London Borough of Barking & Dagenham, or by associated with one of our partners.
How to open an account
  • You can open a Regular Saver Account online, in branch or by downloading and posting an application form.
Operating the account
  • You can manage your account online, in branch or via our mobile app.
  • Minimum opening deposit: £5
  • Minimum operating balance: £20
Regular deposits
  • You must deposit £5 every week or £20 every month into your Regular Saver account.

Can I withdraw the money?

  • Yes, you can make a maximum of six withdrawals a year via our branches, online or via our mobile app.

Additional information

  • If a dividend is paid, it is paid gross of tax, that is with no tax deducted.
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, in branch, or download our application form. Find our Terms & Conditions here. You can also view our Privacy Policy, which describes how we use our members' information.

On Monday, 4th December 2023, our systems will be down for scheduled maintenace from 3pm for approximately three hours.

This means head office, branches and online banking/app will not be contactable or usable.

We apologise for any inconvenience this may cause.