We offer a range of savings accounts, whatever your needs. The ability and capacity to save money for the short or long term is an important step on the path to establishing financial well being and to building assets. The credit union helps you by encouraging the habit of saving. If you develop the habit of putting some money in the credit union on a regular basis, saving will become less difficult. With CUBE Credit Union, we make it easy for you to save and help create a more secure future for yourself and your family.
Members that have no activity on their account for 12 months may risk their account being labelled as “Dormant”. At the discretion of the Board of Directors Dormant accounts may be subjected to an annual fee of £5.
You can withdraw your savings at any time by completing a share withdrawal from via the members’ online secure area. Payments are normally made by bank transfer free of charge within 24 hours of a request being received, however may take a little longer if demand is high so please give as much advance notice as possible.
Once a loan is granted, members will not be able to withdraw shares, unless the value of the shares is in excess of the loan balance repayable and payments are not in arrears.
There is also an option to apply for a loan, rather than to withdraw savings, and this may be a better option for some members so that savings are maintained for emergencies.
Members of CUBE can also now request an Engage card, which can be used in shops or withdraw money from cash machines. The card will be pre-loaded with your savings so you can use the money in your account directly, however there will be no overdraft facility on these cards.