October 2026
Save between £10 and £150 each month and build a lump sum over five years. You’ll earn a fixed dividend rate that’s 0.5% higher than our Member Account every year. This account is designed for members who can commit to saving regularly and won’t need access to their money during that time.
Key features
- The account begins on 1st October 2026 and matures on 30th September 2031.
- Monthly savings contributions must be between £10 and £150 per month.
- This account is paid an annual premium dividend which will be 0.5% above the dividend rate of our Member Account.
- Dividends are not guaranteed and depend on the credit union’s surplus profits, which are approved by members at the Annual General Meeting (AGM).
- This is a fixed 5-year account. You cannot make withdrawals during the term. If you need access to the money before maturity, you will need to close the account, and a £20 administration fee will apply.
- Life Protection is included up until your 65th birthday. Terms and conditions apply.
Eligibility
✓ You must be aged 18 or over and a UK or Isle of Man resident.
✓ You must be a member of No1 CopperPot Credit Union, by having a Member Account or Family Member Account open. If you are not a member, please ensure you apply for membership before applying for a Five-Year Regular Saver.
Suitability
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Please note: The calculator only reflects the total amount saved by the member and does not include any dividends earned on the account.
Key Product Information
Please read the Five-Year Regular Saver Terms and Conditions before making an application.
| Account name | Five-Year Regular Saver |
| What is the duration of this product? | This account will open on 1st October 2026 and matures on 30th September 2031. |
| How much can I save? | You must pay between £10 and £150 each month. |
| How do I open my account? | You can open your account in person, on our website, through our app, or by contacting us by phone. You can manage your account by phone, email, in person, through the members’ area on our website, or through our app. Funds can be saved by payroll deduction, pension deduction (available in over 30 forces), or Direct Debit.
The contribution to your Five-Year Regular Saver will appear on your Member Account statement as ‘5 Year Saver Holding Account’. This transfer is done to ensure that the funds are available for your monthly payment. Funds will be transferred from your 5-Year Saver Holding Account into the Five-Year Regular Saver on the 1st working day of every month. |
| What if I don’t have my funds available in time? | We will collect your agreed monthly savings amount on the first working day of each month. You must make sure enough money is available for this payment.
If the first monthly payment is not available when the account is due to open, we may take the payment from your Member Account. If there are not enough funds available in either account, the Five-Year Regular Saver will not be opened. If two monthly payments are missed in any 12-month period, we will close the account. If your account is closed because of missed payments:
Once the funds have been transferred to your Member Account, they will earn the dividend rate that applies to the Member Account. |
| Can I change the amount I save? | You may change your monthly savings amount once during the five-year term. After this change has been made, the monthly amount cannot be changed again. |
| What is the premium dividend rate? | The Five-Year Regular Saver will receive a premium dividend rate that is 0.5% above the Member Account dividend rate. The premium dividend rate cannot be confirmed in advance because it depends on future surplus profits.
The 5-Year Saver Holding Account will attract the Member Account dividend rate before it is transferred to your Five-Year Regular Saver. |
| Is the dividend rate likely to change? | Once the premium dividend rate has been agreed at an AGM it cannot be changed but the rate may vary each year. |
| Can I withdraw money? | This product is fixed for five years and withdrawals are not permitted during the term. If you need access to your money before maturity, you will need to close the account, and a £20 administration fee will apply.
You should ensure you have sufficient emergency savings available elsewhere before opening this account. |
| Cancellation period | You have 14 days from the date that your account is opened within which to cancel it. If you wish to cancel, please contact us by phone, email, in person, or by writing to us. You can call us on 0161 741 3160, write to us at Slater House, Oakfield Road, Cheadle Royal Business Park, Cheadle, Stockport, SK8 3GX, or email us at info@no1copperpot.com. |
| Closing my Five-Year Regular Saver | You can close the account before the end of its five-year term, and you will retain all premium dividends accrued until the point of closure. You will be charged a £20 administration fee which will be taken from the balance in your Five-Year Regular Saver or from your Member Account. This fee applies to all closed accounts, whether the closure is requested by you or is due to two missed payments in a 12-month period. The premium dividend for the year the account is closed will be paid into your Member Account and available for immediate withdrawal shortly after the AGM for that year.
You will need to contact us if you wish to close your account at any stage. This can be done by phone, email, in writing, or through your online member’s area. In the event of death, the account will be closed with immediate effect. Any premium dividend already credited to the account will be paid as part of the settlement. No further dividend will be paid as dividend payments can only be paid to active members. If applicable, the Credit Union will discuss any payable Life Protection and how to proceed, subject to terms and conditions. |
| Can I open more than one Five-Year Regular Saver? | You cannot open more than one Five-Year Regular Saver with the same issue date. If you still meet the eligibility requirements, you may hold more than one Five-Year Regular Saver with different issue dates. |
| Ending membership with the Credit Union | If you terminate your Credit Union membership before the maturity of your Five-Year Regular Saver, you will retain all premium dividends already paid into the account at the point of closure. However, you will not be paid any premium dividend which has not already been credited to the account. Only accounts open on the date of the Annual General Meeting can receive dividends, therefore by terminating your membership you will forfeit that financial year’s premium dividend. |
| Additional information | Each adult member can hold a maximum of £40,000 in savings across all our accounts.
Your savings contributions will continue after the Five-Year Regular Saver matures unless you amend your Direct Debit, payroll deduction or pension deduction. After the account has matured, any ongoing savings will be paid into your Member Account unless you tell us otherwise. As part of membership with No1 CopperPot, you are required to save at least £5 per month in your Member Account in addition to any other savings account. Please also refer to the general terms and conditions of Credit Union membership. Your dividends may be subject to taxes which are not paid or imposed by No1 CopperPot. For more information, please visit www.gov.uk/apply-tax-free-interest-on-savings. |
Terms and Conditions
| General Terms and Conditions |
| Five-Year Regular Saver October 2026 Terms and Conditions |
Previous editions of the Five-Year Regular Saver
The Five-Year Regular Saver is an account which has different releases, and members are welcome to apply to open one at each release if they wish, subject to availability. They are launched at set times and each last for a period of five years. You can read more about previous launches if you currently have one open that you are contributing into.
| Start Date | Maturity Date | Terms and Conditions |
| 1st January 2024 | 31st December 2028 | 1st Jan 2024 Five-Year Regular Saver Terms & Conditions |
| 1st October 2024 | 28th September 2029 | 1st Oct 2024 Five-Year Regular Saver Terms & Conditions |
| 1st October 2025 | 30th September 2030 | 1st Oct 2025 Five-Year Regular Saver Terms & Conditions |
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 No1 Copperpot.
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.
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.
Your eligible deposits with No1 CopperPot Credit Union are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. For further information refer to the FSCS website at www.fscs.org.uk.
Cheadle Royal Business Park,
Cheshire, SK8 3GX
