Regular Account

Membership Account

Regular Savings from when you join

Withdraw funds whenever you wish!


Savings earn a competitive annual dividend*

When you join Penny Post, we automatically open a Membership Account for you. By joining, you become a member of Penny Post Credit Union, hence this account is your Membership Account.

We ask you to save regularly, straight from your pay, from just £2 a week or £10 a month. Small amounts saved regularly soon add up in this flexible savings account.  Use our handy Savings Calculator to see how much you can save!

Benefits of a Membership Account
  • Save regularly, straight from your pay, every payday
  • Savings earn an annual dividend*
  • Flexible savings from just £2 a week or £10 a month – change the amount at any time
  • Withdraw funds whenever you wish – £1 minimum balance required at all times
  • Free Bereavement Fund, giving financial help & peace of mind in the event of a member’s death
  • Manage your Membership Account online

*Dividends are not guaranteed. The rate payable is dependent on financial performance and voted on by members at the Annual General Meeting.

Things you should know
  • Members not saving by Payroll Deduction, can do so by setting up a Standing Order straight from their bank
  • Pay in funds at any time by payroll deduction, standing order, or bank transfer
  • Like all Penny Post saving accounts, members’ money is protected by the Financial Services Compensation Scheme (FSCS) currently to the value of £85,000. For more information visit the FSCS website.
Terms & Conditions
  • Members must save at least £2 weekly or £10 monthly to remain a Penny Post member.
  • A £1 minimum balance must remain in the Membership Account at all times.
  • Savings earn an Annual Dividend*.
  • The total balance in all your Penny Post saving accounts cannot exceed £50,000.
  • Other terms and conditions may apply.

*Dividends are not guaranteed. The rate payable is dependent on financial performance and voted on by members at the Annual General Meeting.

Online Banking

Manage your account, request withdrawals, apply for loans and so much more…

Savings Calculator

Use our savings calculator to see how much you could save

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