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 ENDINGDIVIDEND RATE
20181.5%
20171.3%
20161%
20151.5%
20141.5%
20132.5%
20123%
20113%
20103.25%
20093%

ISA savings rates for 2018/19

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.

MONTHRATE
March 20191.00%
February 2019 1.00%
January 2019 1.00%
December 2018 1.00%
November 2018 1.00%
October 2018 1.00%
September 2018 1.00%
August 2018 1.00%
July 2018 1.00%
June 20181.00%
May 20181.00%
April 20181.00%

The ISA return paid at the end of previous tax years was calculated at the following historical rates.

PERIODRATE
April 2016 until July 20161.25%
August 2016 until March 20171.00%
April 2017 until March 20181.00%

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.

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