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

Benefit from our annual dividend, online access and support from your Credit Union with a Member Saver.

  • Save via direct debit, standing order or bank transfer
  • 24/7 access to your account online
  • Make withdrawals with faster payments to your bank account
  • Get annual dividend in April
  • Deposits are protected by FSCS up to £85,000

Junior Saver

Our Junior Saver aims to get children into the habit of saving, preparing them for later life.

  • Available from birth up to age 18
  • Linked to an adult GMB Credit Union savings account
  • Save via direct debit, standing order or bank transfer
  • 24/7 access to your account online
  • Get annual dividend in April
  • 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
  • 24/7 access to your account online
  • Get annual dividend in April
  • Christmas savings unlock in December, transferring the 11-month balance to your bank
  • Deposits are protected by FSCS up to £85,000