Helping you to save

Do you have enough savings to pay for Christmas, your next holiday or to cover unexpected expenses?

Here at No1 CopperPot, we believe everyone should have savings in an easy access account, whether you’re saving for something in particular, or for a rainy day. Think of it as a preventative measure – if you have savings set aside, there’s less chance of you needing to borrow!

There are no fees or costs involved to have a Member Account or to make withdrawals. All we ask is that you agree to save a minimum of £5 per month to build your savings.

To start saving, simply click below and complete the short application which should take just a few minutes!



Key Product Information 

What is the dividend rate?The dividend rate is agreed at the Annual General Meeting (AGM) following the end of each financial year (30th September). The dividend is calculated daily, and paid once a year, the following working day after the AGM.

Dividend payments are not guaranteed. Past years dividend rates can be found here.

How do I open and manage my account?A Member Account can be opened online or by completing a paper-based application form. To keep membership active, a minimum of £5 savings per month must be deposited into this account. We have the discretion to terminate your membership if regular payments into the Member Account are not maintained.

The Member Account allows members to save up to a maximum of £1,000 per month. Each adult member can hold a maximum of £40,000 savings across all of our accounts.

Can I withdraw money?You can withdraw your money online, by post, or over the phone.

Withdrawal(s) and closure are available without notice, however this will affect your dividend payment.

Additional informationDividend is paid gross, but is not tax free and therefore should be declared on your tax return if necessary. The Personal Savings Allowance (PSA) means every basic-rate taxpayer can earn £1,000 interest without paying tax on it.

Higher-rate taxpayers can earn £500 with no tax. Additional-rate taxpayers do not get an allowance and therefore must pay tax.

You have easy access to your savings, allowing you to request a withdrawal whenever you wish. All that we ask if that you keep a minimum of £5 in the account, and continue the minimum monthly savings of £5 per month. The flexibility of this account gets you into the routine of saving each month, and allows you to fall back on your savings, should you ever need to.

We try to make accessing your money as easy as possible. You can request a withdrawal from your savings by using our website or calling us. Your money is then transferred to you by electronic transfer to your bank account.

Terms and Conditions

  • Save as little as £5 up to a maximum of £1000 per month directly from payroll (or Direct Debit if not available in your force). You can hold a maximum of £40,000 with us across all saving accounts.
  • You must have at least £5 in your Member Account at all times.
  • The general terms and conditions of membership with the Credit Union can be found here.


As a member, you will receive a dividend payment once a year, allowing your money to make money. The amount of dividend that you will receive depends on the success of our Credit Union in that financial year. The dividend rate is decided during our Annual General Meeting, which usually takes place in December. Your dividend is paid into your Member Account for you to either save or withdraw.

You’re covered with Life Protection

Life Protection is included with all our savings accounts and covers you up to the age of 65. This does not cost you anything, it is simply another benefit of saving with the Credit Union.

Your savings are protected up to a maximum of £40,000 per member. This means your savings could be doubled in the event of death, subject to our terms and conditions. It is also included with our borrowing products and covers you up to the age of 70. It protects up to a maximum borrowing of £40,000 per member, this means that your loan could be cleared, ensuring that your debt does not remain outstanding, subject to terms and conditions.

All benefits are paid at the discretion of our Board of Directors. Life protection is not an insurance policy and is not guaranteed. For more information please click here.

Eligible deposits with us are protected by the FSCS

Your eligible deposits with No1 CopperPot Credit Union are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. For further information about the compensation provided by the FSCS, refer to the FSCS website at

We are also covered by the Financial Ombudsman Service (FOS).