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The 1000+ account

*** This account is currently closed to new members ***

A Grand Account

The 1000+ account is a notice account for individual members who wish to save between £1,000 and £5,000.

The minimum initial deposit is £1,000 and members can then add to their savings at any time, up to the account limit of £5,000.

This account is ideal for members who want to save for a major purchase such as a holiday or car, or for their children’s driving lessons or university costs.  The account can also be used to build up a nest egg as protection against the future.

Key terms and benefits

  • Minimum balance £1,000
  • Maximum balance £5,000
  • One months notice required for withdrawals
  • Bonus dividend of 0.2%.  Dividends are paid without deduction of tax.
  • Savings guaranteed

Detailed terms and conditions

Members must give Kent Savers one months notice if they wish to make withdrawals from this account.  If at any time the balance of the account goes below £1,000, the account will be closed and the balance transferred to the member’s ordinary share account.

Money saved in this account will attract a bonus dividend of 0.2%, i.e. if the dividend for the ordinary share account is 1%, the dividend paid on this account will be 1.2%.

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Kent Savers Credit Union Tel: 0333 321 9050 Email: info@kentsavers.co.uk Web: http://www.kentsavers.co.uk
Kent Savers Credit Union is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation and Financial Conduct Authorities - Firm No. 503258