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Dividend and Rates
We share our profits with all of our members each year. Subject to the terms and conditions of your account you’ll receive your dividend annually, each December, based on the performance of the credit union in the previous year. The dividend rate is decided and agreed by our members at our Annual General Meeting, based on recommendations from our Board.
Previous dividend payments
| YEAR ENDING | DIVIDEND RATE |
|---|---|
| 2017 | 1.3% |
| 2016 | 1% |
| 2015 | 1.5% |
| 2014 | 1.5% |
| 2013 | 2.5% |
| 2012 | 3% |
| 2011 | 3% |
| 2010 | 3.25% |
| 2009 | 3% |
ISA savings rates for 2017/18
ISA accounts receive a return paid annually in April each year. ISA rates of return can vary from month to month throughout the year and we will update this page with the dividend rate to be paid each month.
| MONTH | RATE |
|---|---|
| January 2017 | 1.00% |
| February 2017 | 1.00% |
| March 2017 | 1.00% |
| April 2017 | 1.00% |
| May 2017 | 1.00% |
| June 2017 | 1.00% |
| July 2017 | 1.00% |
| August 2017 | 1.00% |
| September 2017 | 1.00% |
| October 2017 | 1.00% |
| November 2017 | 1.00% |
| December 2017 | 1.00% |
| January 2018 | 1.00% |
| February 2018 | 1.00% |
| March 2018 | 1.00% |
| April 2018 | 1.00% |
| May 2018 | 1.00% |
| June 2018 | 1.00% |
| July 2018 | 1.00% |
| August 2018 | 1.00% |
| September 2018 | 1.00% |
| October 2018 | 1.00% |
| November 2018 | 1.00% |
The ISA return paid at the end of the 2016/17 tax year was calculated at the following historical rates.
| PERIOD | RATE |
|---|---|
| April 2016 until July 2016 | 1.25% |
| August 2016 until April 2017 | 1.00% |
We are no longer taking new subscriptions for our ISA account but members who already have an ISA subscription can contribute up to £20,000 in the tax year 2017/18.
Remember, the maximum you can deposit with the credit union across all accounts in any financial year is a total of £10,000 lump sum deposits, plus a maximum £1,000 regular payments each month (totalling £22,000). A member’s collective savings balance is not permitted to exceed £85,000.
View our ISA account Terms and Conditions for more information.
© Glasgow Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our FRN is 213558
