Our regular savings account is a simple way to save up for a rainy day, perhaps for those unexpected bills, or when your car or a household appliance need to be repaired. Of course, you could also save for the more enjoyable things in life, such as a holiday or a family celebration.

You can start saving with as little as £1, and there’s no limit on deposits and withdrawals.

It’s easy to set up a regular amount to deposit in your savings account, which you can change at any time. This can be done by standing order or, if you work for one of our Payroll Partners, from your salary. You can also stop saving with us at any time too.

With our handy mobile app, you’ll be able to keep track of your savings and request a withdrawal 24 hours a day. Or just give us a call during our opening hours.

Every NLCU account comes with regular savings as standard and, potentially, you could receive a dividend on your savings each year in May.

Start saving with us

Other Savings Products


How do I pay into my account?

You can make deposits into your savings account with us either by cheque, by bank transfer or by payroll deduction. If you have lost your NLCU bank account details then just get in touch and we’ll confirm them for you.

The amount you save we leave up to you! There are no transactional fees with saving. We have a range of savings accounts and you can request your deposits be split for different purposes like Christmas or Holidays. The maximum balance we can hold in our accounts for a single person is £10000.

Do I get a return on my savings?

Usually yes! As a financial cooperative we share our profits with our shareholders – and all our customers are our shareholders.

Once we have paid for running costs and paid into our legally required reserves we share the rest amongst members based on the amount in their savings.  The dividend that we pay to our members is voted on at our yearly AGM – see our downloads page for more info from our last AGM.

How do I withdraw money from my account?

You can withdraw funds:

  1. Online using our online banking service or our mobile app
  2. Over the phone on 0330 004 0842 – lines open Monday to Friday 10am-3pm
How soon will my requested withdrawal reach my bank account?

Requested withdrawals are processed between 9am and 3pm every weekday.  Withdrawals made after 3pm, on weekends or bank holidays will be sent the following workday morning.

If requested online, this show as “Pending” until we’ve set up your withdrawal.

Are my savings safe?

Notts and Lincs Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

All savings held with Notts and Lincs Credit Union are protected under the Financial Services Compensation Scheme which protects savings up to the value of £85,000.