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Easy Saver

Putting away even a little can make a big difference. Easy Saver is designed to be simple: save what you can, when you can. Plus, your savings help support fair loans in your local neighbourhoods. 

Easy Saver

A simple way to save

Whatever you’re saving for, our Easy Saver keeps things simple. Save what you can, when you can and watch your money grow.

Saving with us doesn’t just make you better off – it helps other local people have better finances too.

  • Start saving from as little as ÂŁ1
  • Access your money via free transfers to any UK bank account
  • We aim to boost your savings with a competitive dividend each year

Interest rate

We pay an annual dividend approved by our members at the annual general meeting.

Important update: new Fair Usage Policy for Easy Saver accounts

Starting 1 August 2025 a Fair Usage Policy will be introduced, which may affect how you use your Easy Saver. All members have been notified about the change.

Key details

Interest rate

This account does not pay interest. This account pays an annual dividend, which is decided by our members at the annual general meeting. Learn more about what a dividend is.

Easy access

This account is here when you need it most. Withdrawals are allowed with unlimited access (as long as they follows our Fair Usage Policy).

Minimum savings

Save as little as ÂŁ1.

Opening a savings account with GWCU

Are you eligible?

To begin saving with GWCU, you must meet the following criteria:

  • You must be aged 18 or over

  • 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. 

How to find your national insurance number.

Not sure if you have this information? 

Local credit union savings accounts

Saving for your future and making you better off

Helpful information

Is interest paid on my Easy Saver account? 

The Easy Saver account does not earn any interest. As a member-owned organisation, we provide an annual dividend on the account.

Members get to agree the dividend we pay each year at our Annual General Meeting (AGM) which is then shared equally across all members.

Can I withdraw from my Easy Saver?  

Yes, you can access your savings and make withdrawals at any time by logging into the member portal.

If you need help making a withdrawal from your GWCU account, visit our step-by-step guide here

Keep in mind, our savings accounts are not set-up for day-to-day banking. If you regularly need access to your money, then we recommend you open a current account with a bank or a building society.

How do I pay into my Easy Saver? 

You can set up a bank transfer or regular standing order from your bank account.

You can find out the account details you need to add money to your account by logging in to the member portal.

What is an Easy Saver?

The Easy Saver is a simple savings account that helps you put money aside for the things that matter.

  • Save from just ÂŁ1

  • Take money out anytime

  • Earn a dividend on the amount you saved. To learn more about what a dividend is, click here.

If you’ve applied for a loan with us, we’ll automatically open an Easy Saver for you which is where your loan will be deposited and ready for you to send to your own bank account.

The Easy Saver is yours to use to build your savings! Set up a standing order for as little as ÂŁ1 or transfer a lump sum.

Working for our members

Our friendly Member Engagement Team live and work in our communities. They're specially trained and ready to help you.