Christmas Savers

"Spread the cost of Christmas with your Credit Union"

The Christmas Savers Account is ideal for members who like to plan ahead for Christmas by putting money away throughout the year.

The Christmas Savers Account runs until 1st November each year.  Funds are paid out by cheque or BACS transfer in the first week of November, just in time for Christmas shopping sprees.

No withdrawals are permitted.

By saving for Christmas with the Western Isles Credit Union (WICU), you can relax and enjoy the festive period in the knowledge that you haven’t had to run up huge credit card bills, taken out a personal loan or dipped into your savings to pay for Christmas.

No dividend is paid on Christmas savings.  However, unlike unregulated retail savings schemes, your savings with WICU are safe.  WICU is authorised and regulated by the Financial Services Authority and your savings covered in their entirety by the Financial Services Compensation Scheme.

If you aren’t a member of WICU yet, but would like to open a Christmas Savers Account, simply contact the staff at WICU who will be pleased to help you join.

Remember, as a WICU saver, you automatically benefit from the following:

· Absolutely secure savings—guaranteed!

· Free life savings insurance

· No hidden fees or charges

· Convenient payment methods

· Savings paid out in November each year, for you to spend as you wish.