Instant Access Savings

Instant Access Savings Account

Save as little or as much as you can afford

With an Instant Access Savings (Share) Account you can choose to save as little or as much as you can afford each week/month. There is a one-off non-refundable joining fee of £4 which will be deducted from your first payment. There are no charges for deposits or withdrawals from your account and you can request your money straightaway without incurring any penalties. Your savings are covered by our FREE life insurance protection of up to £5,000 up to the age of 65. As a member you are entitled to receive an annual dividend (interest) on your savings from the profits we make at the end of each year. Whilst the dividend cannot be guaranteed we have paid 2% to our members for the past 6 years.

  • Easy ways to save regularly
  • Instant access to your savings without incurring any penalties
  • Access to affordable low cost loans up to £15,000 (subject to status)
  • FREE life savings insurance (up to the age of 65)
  • An annual dividend (interest) on your savings

To apply for an Instant Access Savings Account with Just Credit union you will need to:

  • Complete the online application form or alternatively download, complete and return a printed copy of the application form to our office.
  • Provide us with proof of your identity and address

Identification Requirements:

On completion of your application, we will require you to provide one item as proof of identification (i.e. your name) and one separate item as proof of your current address.

Examples include: Passport, Driving Licence, Tenancy Agreement, Benefit Entitlement Letter, Recent Utility Bill.

  • A member in receipt of benefits or salary can open a savings account at any time.
  • Each new adult member of Just Credit Union will automatically have a savings account opened in their name.
  • The first deposit into the account should be at least £5. This covers the one-off membership fee of £4 plus a minimum of £1 to open the account.
  • The minimum required balance in this account is £4 to keep it open. This level of savings must be obtained within 6 months of the account being opened.
  • If the minimum level is not attained within 6 months Just will close the account. You will be contacted prior to us taking this action and given the option of meeting the minimum requirement or closing your account.
  • Members qualify for an annual dividend subject to one being paid.
  • FREE life insurance pays £1 for every £1 saved - doubling the amount deposited by members under the age of 65 up to a maximum of £5,000. Deposits made by members over the age of 65 are not covered by free life insurance.
  • Regular savings of £5 per week are normally required to keep the account active.
  • Members may close their savings account at any time by completing a Closure of Account form. Just Credit Union reserves the right to require a maximum of 30 days notice of the account closure.
  • Members closing their savings accounts automatically end their membership and cease to be shareholders in Just Credit Union.