365 Saver
Earn a 5% bonus on your savings after just 12 months with our 365 Saver account, an ethical fixed-term investment that safely grows your money.
The first issue of our 365 Saver account closed on 25 April 2024. Please stay tuned for more opportunities to invest in the 365 Saver later this year or start your savings journey right away with our full range of savings accounts here.
Benefits for you
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Save smarter and grow your savings longer term
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Lock your savings for 12 months and earn a 5% dividend
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An ethical investment in our community
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Savings are FSCS protected and eligible for up to £2,500 life cover
Your 365 Saver
- Fixed savings term of 12 months
- Minimum account balance to open and maintain is £1,000
- Maximum Account Balance £30,000
- Lump sums by direct transfer from your bank are welcomed
- Includes a free life savings cover up to £2,500
- After a year, enjoy a 5% dividend and automatic transition to our Member Saver account for ongoing saving
You’re eligible to apply if you…
- Are 18 years old or above
- Are a registered member of the GMB Credit Union
Terms & Conditions
- Internal transfers from existing GMBCU savings accounts are not permitted
- Withdrawals are not permitted during the 12-month period; if you withdraw, it will cancel any dividend payments
- Dividends are paid gross. It’s up to members to report this income if they’re taxpayers
- The first 365 Saver was successfully activated on the 25 April 2024 and will mature on the 25 April 2025
- Deposits are fully protected by the Financial Compensation Scheme (FSCS)
The first issue of our 365 Saver account closed on the 25 April 2024 – with GMB members successfully locking in their savings for the next twelve months.
Applications now closed
Applications for the first issue of 365 Savers closed on 25th April 2024. Their savings will help them to build a more secure future and benefit from being a part of our community, including access to ethical loans.
Keen to get involved?
Stay tuned for more opportunities to invest in the 365 Saver later this year.
You can also start your savings journey right away with our full range of savings accounts here.
Why choose us?
GMB Credit Union is more than just a financial institution – we’re a community where members help each other. We make sure that money circulates for the benefit of the community by pooling member savings and then lending to other members. Support your GMB community and boost access to affordable credit with your GMB Union membership.