You can pay into your savings by cash or cheque over the counter at our office, by standing order from your bank, or through payroll deductions with participating employers.
Your money is in safe hands with us. We are authorised and regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), and members’ savings are protected by the Financial Services Compensation Scheme (FSCS).
Everyone who saves with us becomes a member of the Credit Union and a part owner of the organisation. Members may receive a share of our annual profits, known as a dividend, which is paid annually based on each member’s average level of savings.
Provided you live or work in Paisley, you can open a savings account at our office.
To apply, you’ll need two forms of identification:
Leave your loved ones a cash lump sum when you die with Life Savings Protection*.
Saving with White Cart Credit Union offers more than just a secure place for your money. It also includes the additional benefit of Life Savings Protection, providing valuable financial support for your loved ones should you die.
At a difficult time, this lump sum can help towards funeral costs or be left as a legacy for your family, offering additional peace of mind.
Life Savings Protection is underwritten by Aviva Life & Pensions UK.
Aviva Life & Pensions UK is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. *Subject to terms and conditions. Cover limits and certain restrictions apply based on your savings balance and your age at the time savings were made or at the time of death.
In addition to a shares/loan account, we offer our members a separate savings-only account.
Many members find that saving towards a specific goal, such as a holiday or Christmas, provides excellent motivation. Our savings account is ideal for helping you plan ahead.
Putting money aside regularly, even in small amounts, is one of the best ways to prepare for future expenses. It provides peace of mind and can help reduce the need to borrow.
Saving with us couldn’t be simpler. Unlike some other savings schemes, you can save as much or as little as you like, weekly, monthly, or whenever suits you, up to our individual maximum deposit limit of £15,000.
A minimum balance of £1 must remain in your account at all times to maintain your Credit Union membership.
The overall pool of members’ savings is used to provide affordable loans to other Credit Union members. Interest earned from these loans is used to cover operating expenses, build reserves, and any remaining surplus may be returned to members through an annual dividend.
Members’ savings are protected by the Financial Services Compensation Scheme (FSCS), currently covering eligible deposits of up to £120,000 per member.
Join White Cart Credit Union today and become part of a member-owned organisation dedicated to helping you save, borrow and plan for the future. Enjoy secure savings, affordable loans and friendly local service that’s always focused on putting members first.