Regular Shares

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 Regular Shares account for you. By joining, you become a member of Penny Post Credit Union, and also a shareholder – hence this account is known as a ‘share 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 Regular Shares 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 Regular Shares 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
  • Savings may be used as security to access our preferential Gold & Platinum loans
  • 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 Regular Shares at all times.
  • Savings earn an Annual Dividend*.
  • Effective from 1st March 2021, member deposits are restricted to a total of £1,000 per month across all Penny Post accounts.
  • 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…

How much can I save?

Members deposits are limited to £1,000 each month, across all their Penny Post savings accounts. 

Savings Calculator

Use our savings calculator to see how much you could save

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