Why Save?

Saving money is really important. It allows you to build up a financial safety net and a cushion against emergencies – meeting unexpected expenses and planned events like holidays; weddings and other occasions.

So whether it’s just for a rainy day or for something a little bit more special, everyone benefits from having savings – regardless of how much or how little money you have. Having some savings allows you to work towards your financial goals and gives you peace of mind should an emergency arise.

Why save with us?

• You are in control – You can save as much or as little as you like and as often as you like. You can save by Standing Order from your bank or you can pay in cash
• Your savings are safe – We are fully regulated by the FCA and covered by the Financial Services Compensation Scheme. So your savings are 100% protected.
• You can have more than one account – You may want more than one account, for instance to save up for a special occasion. We also offer a Junior Savers’ account.
• Contribute to our pool of savings so that you and other members can borrow – As a community bank we only lend the money we take in. By saving you are helping others in Hertfordshire who need to borrow from an ethical organisation.
• You can borrow money from us at sensible rates of interest
• You can earn a dividend on your savings paid annually

In order to start saving today, become a member of HertSavers Credit Union and set up a standing order directly from your bank account.

Withdrawing your Savings

Members may withdraw their savings at any time, providing there is no active loan, by completing a share withdrawal request through the secure online members’ area or via the mobile app. Payments are made by bank transfer. To receive same-day withdrawal payment, requests must be submitted by 11:00 am. Requests received after 11:00 am or on weekends and bank holidays, will be processed on the next working day. Payments are made between 12-4pm.

Once a loan has been granted, members will not be permitted to withdraw shares unless the value of the shares exceeds the outstanding loan balance and all loan repayments are up to date.