Savings

Saving regularly helps you plan for a brighter financial future. It also gives you and your family peace of mind should an emergency arise. Our easy access savings accounts are simple and straightforward.

  • Benefit from annual returns

    We pay an annual dividend on all easy access saving accounts. This dividend is paid out every April and is agreed at our Annual General Meeting (AGM).

  • Save and borrow affordably

    When members save with us, we are able to create funds that we pool for lending. This allows us to provide affordable loans to others. Opening a savings account with GMB Credit Union helps build your finances and it also gives you access to lower-rate loans, benefiting everyone involved. This type of credit cycle is known as the virtuous circle.

  • Protect your money

    Looking after your money is our priority. Credit Union savings are fully protected by the Financial Services Compensation Scheme (FSCS) up to £85,000. Rest easy that your savings are safe and secure.

  • Safeguard your family with free life insurance

    Life insurance cover is provided on all GMB Credit Union member savings accounts up to a maximum of £2,500. This is a free, unique safeguard that supports member’s families with end-of-life expenses. GMBCU has a group insurance policy that automatically insures all our members so there is no paperwork required.

  • Shape your credit union

    Choose GMB Credit Union for your savings account and make an impact. Engage in the decision-making process, shaping our direction, products and policies. It’s your credit union to influence and grow alongside.

How to apply

Apply for a savings account via our online website form. It’s a quick and easy process to follow, so why not sign up today?

Apply now

Our Savings Accounts

Member Saver

Get annual dividend, free life insurance, 24/7 online access and tailored support through your GMB Credit Union membership.

  • Save via direct debit, standing order, or bank transfer, benefit payments 
  • Online account management via our App or the My Account area of our website
  • An annual dividend paid in April
  • Deposits are fully protected by the FSCS 

Young Saver

Our Young Saver Account is a simple way for parents, guardians and grandparents to put money aside for the children in their lives.

  • Available from birth to 17 years of age
  • Linked to an adult GMB Credit Union savings account
  • Save weekly or monthly via direct debit or standing order 
  • Earn an annual dividend
  • Deposits are protected by FSCS up to £85,000

Christmas Saver

Plan ahead with a GMB Christmas savings account for a stress-free holiday period.

  • Save weekly or monthly via direct debit or standing order
  • Online account management via our App or the My Account area of our website  
  • Unlock your savings from 1 November until 31 December 
  • Earn an annual dividend on your savings  

PrizeSaver

Start saving from just £1 with the chance to win £5,000 every month!

  • A credit union savings account with monthly prizes and a chance to win £5,000
  • Every £1 in your account gives you 1 entry into the monthly prize draw
  • Each PrizeSaver account holder has a maximum of 200 prize draw entries per month
  • 21 prizes every month, including the grand prize of £5,000 and twenty smaller prizes of £20