Member Saver | GMB Credit Union Savings

Benefits for you

No set up costs or hidden charges
Annual dividend each April, letting your savings work harder for you
24/7 access to your account online, keeping track of your savings wherever you are
Additional GMB membership benefits, including saving as you borrow with affordable loans and support on managing your money
Get free life insurance cover up to the age of 80

Your Member saver

Save via direct debit, standing order, or bank transfer, benefit payments
Online account management via our App or the My Account area of our website
A straightforward easy access account via faster payments
An annual dividend paid in April*
Deposits are fully protected by the FSCS
Our dividend return for 2023 was 3.50%.

You’re eligible to apply if you…

Are 18 years or over
Are a GMB trade union member or an immediate family member

Terms & Conditions

Minimum opening deposit is £5
Maximum savings per member is £25,000
Maximum savings per month are £1,500
Lump sum deposits are accepted
Withdrawals are by faster payments to a member’s nominated bank
Member savings may be locked to act as security for your loan
Eligible members receive an annual dividend in April, after it’s agreed upon at the Annual General Meeting (AGM)
Dividend is calculated based on your daily balance throughout the year, from January 1st to December 31st
Dividends are paid gross
Your liability to pay tax depends on your individual circumstances

Apply

Apply for a Member Saver account today. It’s fast, easy and you can do it all on our website. Don’t wait, achieve your long-term financial goals now.

Apply now

Why choose us?

GMB Credit Union is more than just a financial institution – we’re a community where members help each other. We make sure that money circulates for the benefit of the community by pooling member savings and then lending it to other members. Support our GMB community and boost access to affordable credit with your GMB Union membership.