- are looking for a fixed interest rate
- want a Stocks and Shares, Innovative Finance or Lifetime ISA
- have opened a Cash ISA elsewhere in the current tax year
- are not UK residents
Cash ISA
Maximise your tax-free returns with a 3.5% AER Cash ISA that supports you and your local neighbourhood.
From 1 September, 2025, the new interest rate on our Cash ISA will be 3.25%.
Your community-focused Cash ISA
Make a positive impact by supporting the credit union mission to become better off together. Make a stand for inclusive banking, help us promote financial wellbeing and give our local economy a boost.
Our easy access Cash ISA is flexible and offers competitive returns on ethical savings.
- Minimum deposit £1
- Deposit up to £20,000 tax-free annually
- Easily transfer money from other ISAs up to our maximum deposit limit of £85,000, including transfers from stocks and shares ISAs
Suitable for savers who:
- want to earn tax free interest
- want to transfer in an existing Cash ISA
- prefer easy access to their savings
- like the convenience of managing their account online
- want to save with a values-driven financial organisation
Not suitable for savers who:
Key details
Interest rate
3.5% AER tax free.
From 1 September, 2025, the new interest rate on our Cash ISA will be 3.25%.
Easy access
Withdrawals are allowed with unlimited access.
Minimum savings
Save as little as £1.
Local credit union savings accounts
Saving for your future and making you better off
Opening a savings account with GWCU
Are you eligible?
To begin saving with GWCU, you must meet the following criteria:
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You must be aged 18 or over
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You must live or work in Bristol, Bath, Gloucestershire, Wiltshire, Somerset, and Dorset
Ready to start saving with GWCU?
Applying is easy. Here is what you'll need.
Personal mobile phone number
We need this so we can contact you easily. It also helps you verify your account when you log into the member portal.
Personal email address
This is important so we can send your savings account documents to you.
Your national insurance number
This to prove your identity.
Not sure if you have this information?
Helpful information
What would the estimated balance be after 12 months based on a £1,000 deposit?
- If £1,000 is deposited at the start of the 12 months, the total deposited would be £1,000.
- The total interest earned over 12 months would be £35.00 at the rate of 3.5% AER.
- This means that the balance after 12 months would be £1,035.00.
Can GWCU change the interest rate?
The interest rate for GWCU's Cash ISA is variable, so it can go up or down at any time. We will notify you in advance of any changes to your interest rate.
How much can I deposit into a GWCU Cash ISA?
You can deposit up to the annual ISA limit per tax year, which is currently £20,000.
Can I withdraw from my Cash ISA?
Yes, you can withdraw from your Cash ISA at anytime.
If you need help making a withdrawal from your GWCU account, visit our step-by- step guide here.
Can I transfer an ISA from another provider?
Yes – you can transfer money from another ISA, including stocks and shares ISAs, up to our £85,000 limit.
You’ll be able to let us know if you'd like to transfer an ISA:
- At the end of your online application
- Or anytime through the Member Portal (scroll to the bottom of your accounts page)
You'll need:
- Name of your current ISA provider
- Sort code and account number and your roll number (if applicable)
- Amount you'd like to transfer
- Whether you want to include this tax year’s subscription
The transfer form only takes about 10 minutes to complete. We'll handle the rest.
Save with your local credit union
Working for our members
Our friendly Member Engagement Team live and work in our communities. They're specially trained and ready to help you.