Savings built to support you
Save little and often with a Moneywise Adult Savers Account:
• Save from as little as £1 a week.
• Save up to £85,000.
• Annual dividend.
• Safe and secure.
• Manage online or in branch.
• Open to all 18+ living or working in the North East.
Whether you’re putting money away for a rainy day or saving towards your future, you can deposit as little as £1 a week and save up to a maximum of £85,000.
Once you become a Moneywise member, you’ll be able to start saving straight away! Deposits can be made at any local branch or collection point by either cash or cheque, or you can manage your money online.
You can also set up standing orders and direct debits to add regularly to your savings, direct from your chosen bank account.
If you need help, simply head to one of our North East branches for a chat with our friendly team. We’re here for you!
Start saving from just £1 a week today!
Start saving today!
Are you eligible for our Adult Savers Account?
In order to be eligible for our Adult Savers Account, you must:
• Be willing to save at least £1 a week
• Be 18+
• Live or work in the North East
• Agree to our Moneywise Credit Union rules.
What do I need to apply?
You’ll need the following to open your Adult Savers Account:
• Moneywise membership.
• Proof of ID.
• Proof of UK address.
• Proof that you live or work in the North East.
• Your initial deposit of at least £5.
Our friendly team is here to help you build your money confidence. Not sure if you’re eligible or if you have the right documents? Pop into your local branch today, or give us a ring on 0330 165 5337, and we’ll help you get started.
Under 18 but want to start saving? Looking to put some money away for your child’s future? Our Junior Savings Accounts are perfect for you! Discover how to open yours today.
Adult Savers Account FAQs
As a Credit Union, we don’t pay our members interest on savings. Instead, we pay you an annual dividend, based on any surplus we make as an organisation during the financial year.
In previous years, we have paid 0.5% dividend on shares, with the amount agreed by our members at our Annual General Meeting (AGM). As a member, you will be invited to all future AGMs to give your opinion.
You can access and withdraw money from your Adult Savers Account at any time. Using the online portal, you can also check your balance and transactions.
However, if you use your savings to apply for credit, you may face withdrawal restrictions until your loan is settled in full.
As a Moneywise member, you can also apply for any of our trusted loan products online or in branch.
As long as your employer is one of our payroll partners, you can benefit from our Payroll Savings scheme. Automatically add to your savings account, directly from your monthly paycheque.
When you choose Moneywise, you can be sure that your money is in safe hands.
As a Credit Union, we operate by the same standards as any bank or building society, but we always put you first. We strive to give back to our North East communities and support our local people.
We’re regulated by the Prudential Regulatory Authority (PRA) and authorised by both the Financial Conduct Authority (FCA) and the PRA.
It’s generally best to get rid of any high-interest debts first, as your interest payments will likely be more than any potential return on your savings.
However, you should always try to keep some savings back for emergencies. Once you have your debt sorted, you can start to save towards longer-term goals, such as a deposit for a house or retirement.
Check out our blog post on how savings can boost your mental health for more information.
If you are struggling to pay multiple lenders on various dates, take a look at our Debt Consolidation Loans. Combine all your debts into one and pay it off in easy monthly instalments, direct to Moneywise!