Saving MoneyCurrent Savings Policy

Dragonsavers Credit Union encourages members to develop a regular pattern of saving to build a reserve which they may then use for any purpose.

The maximum amount that a member can save is £15,000 or 1.5% of the total shareholdings of the credit union whichever is the greater. The amount held by two members in a joint account is regarded as owned 50% each for the purpose of this calculation. The maximum amount that a junior saver under 18 can save is £10,000.

The Credit Union provides free Life Savings insurance on savings up to the value of £5000. In the event of the death of a member, the lawful beneficiary will be provided with this benefit.