Share Account

How it works

When you become a member, we automatically open a share account for you and invest £1. You can invest a little more, earning interest over £10 up to £100,000.

• No interest is paid on share account balances up to £10

• Interest at 1.0% per year is paid for share account balances up to £200 (including the first £10).

• Interest at 1.5% per year is paid for share account balances over £200

• The maximum amount you can in a Share Account is £100,000

Interest is credited to your account once per year in January.

 

How to invest

You can invest money into your share account and allow it to grow over time. You can withdraw your shares when you are ready to do so. There are three ways you can access the funds in your Membership Share Account:

1. Payment by Cheque

2. Payment by Electronic Bank Transfer BACS

3. Payment by Electronic Bank Transfer CHAPS

 

To read more detailed information about Your Share Account, and to begin investing funds into your account, please click here.