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.
YEAR ENDING | DIVIDEND RATE |
---|---|
2019 | 1.15% |
2018 | 1.5% |
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 2019/20
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 |
November 2019 | 1.00% |
October 2019 | 1.00% |
September 2019 | 1.00% |
August 2019 | 1.00% |
July 2019 | 1.00% |
June 2019 | 1.00% |
May 2019 | 1.00% |
April 2019 | 1.00% |
The ISA return paid at the end of previous tax years was calculated at the following historical rates.
PERIOD | RATE |
---|---|
April 2016 until July 2016 | 1.25% |
August 2016 until March 2017 | 1.00% |
April 2017 until March 2018 | 1.00% |
April 2018 until March 2019 | 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.