Latest savings rate

Corporate Savings Account

Returns for this account take the form of a dividend.  An annual dividend may be paid, gross of tax, on all sums deposited in the account, subject to surplus.  The dividend rate to be paid is recommended by the Board of Directors and authorised by the membership at the Annual General Meeting each year.  Any dividend due is paid into the account following the Annual General Meeting.

For the year 1 October 2015 to 30 September 2016, the approved dividend rate was:

                     Corporate Savings Account  0.75%

Please note:
Capital Credit Union pays interest and dividend payments without the deduction of income tax.  Capital Credit Union is not responsible for tax declarations and does not give advice on tax due on dividends.  Members are advised to contact HMRC should they require advice and assistance.