Capital are pleased to offer the Premier Savings Account designed for those members looking to save regularly from their payroll or by Direct Debit.  This account offers higher returns whilst continuing to attract free life insurance on savings.

The Premier Savings account is a 90 day notice account. Withdrawals from this account will be held for 90 days prior to being paid out.  A withdrawal penalty will apply for members who do not wish to wait for this notice period to pass.  This is equivalent to 90 days dividend.

The Premier Savings account is designed for regular savings.  In order to open a Premier Savings Account an individual must pay between 100 and 200 into the account each month through payroll deduction or Direct Debit.

Dividend will be paid on this account on a six monthly basis, the current dividend is 1.75%

Members are reminded that the dividend is paid gross and any tax responsibility lies with the individual member.

Capital Credit Union will pay Dividend on the Premier Savings Account out of Distributable Surplus.  In order to do this Capital Credit Union must generate sufficient surplus to pay the dividend on this account.  Since first offering Premier Savings Accounts, Capital Credit Union has always generated sufficient surplus to meet these dividend payments and would anticipate continuing to be able to meet these payments for the foreseeable future.