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
*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 Regular Shares 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…
Penny Post Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Reg No. FRN213680
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