Our standard membership account available to all members


Our Regular Savings Account is opened automatically on members joining the credit union. Deposits to your account can be made easily through payroll deduction or direct debit, and members can save as little as £5 each month.

  • Savings can be pledged as security against loans
  • No penalty for withdrawals
  • Savings protected under the FSCS scheme
  • Free Life Savings and Loan Protection scheme
  • The Regular Savings Account is set up automatically upon joining the credit union
  • Free Life Savings and Loan Protection Scheme (terms and conditions apply)
  • All funds protected by the FSCS scheme
  • No penalty for withdrawals
  • Access your account online
  • No lump sum deposits.
  • Maximum of £50,000 in savings.
  • Save a minimum of £5 per month or £1 per week.
  • Potential annual dividend on savings.
  • Available to Family Members.
  • For more key facts click HERE.

The Regular Savings Account is set up automatically for all members joining the credit union. There is a one-off initial joining fee of £5. Funds in the Regular Savings Account can be pledged as security against borrowing with the NHS Credit Union.


Bereavement Protection


All accounts benefit from our Free Life Savings and Loan Protection Scheme*


Life Savings Protection is designed to reward your family for your commitment to saving, and provide them with financial support when they most need it. Life Savings Protection is a free safeguard offered by the NHS Credit Union as a benefit to its members. The credit union owns this policy on behalf of members. In the event of your death, it may provide your family with a single lump sum payment which can help them to cover funeral and other expenses.


The scheme is directly linked to savings, and every £1 in savings can be matched by £1 of benefit – up to a maximum of £5,000.


Members aged 16-64 can qualify for 100% of savings to be repaid as a benefit (Maximum £5,000). Members aged 65-79 can qualify for 25% of savings to be repaid as a benefit (Maximum £5,000).


*Terms and conditions apply. These are subject to change, and are available on request.


Financial Services Compensation Scheme


All accounts benefit from our participation in the Financial Services Compensation Scheme (FSCS).


The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.


For further information about the scheme (including the amounts covered and eligibility to claim) please call us on 0141 445 0022 or ask at your local branch, refer to the FSCS website or call 0800 678 1100 or 020 7741 4100


Lump sum payments


Lump sum payments can not be made to any of your Savings accounts at this time.


A lump sum deposit is any contribution to your credit union account (s), regardless of the amount, in addition to your regular weekly or monthly deduction, by payroll or direct debit.


We will continue to accept deposits where you are looking to pay off an existing loan balance or to settle arrears with the credit union.

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