Platinum Savings Account
More from the money
you already have.
Deposit between £2,000 and £25,000 and earn 2.25% AER (variable). No monthly saving required. Just put it in and let it grow.
Current rate
2.25%
AER/gross (variable) · lump sum
Deposit range
£2,000 – £25,000
Minimum held
£2,000
Interest paid
Every 6 months
Notice to withdraw
90 days
Why Platinum Savings
Simple. Competitive. Yours.
A straightforward home for a lump sum. No monthly commitments, no complicated conditions. Just a competitive rate on money you already have.
Earn 2.25% AER on your deposit
Deposit between £2,000 and £25,000 and earn 2.25% AER (variable) on the full balance. Interest is paid every six months.
No monthly saving required
There is no requirement to pay in every month. Deposit your lump sum once and it earns interest with no further action needed.
FSCS protected up to £120,000
Your savings are protected by the Financial Services Compensation Scheme. Learn more about FSCS protection.
Manage it all in the app
Open and manage your account through the Capital mobile app or member portal, available around the clock.
Access your savings with notice
Give 90 days notice online, by phone or in branch whenever you need your savings transferred back to your bank account.
Top up whenever you like
Make additional deposits by debit card online, by phone or in branch at any time, up to the £25,000 maximum balance.
Open to Capital members
You must be a Capital Credit Union member to hold a Platinum Savings Account. Membership eligibility criteria apply.
Questions answered
Frequently asked questions
How much can I deposit?
You can deposit a lump sum of between £2,000 and £25,000. A minimum of £2,000 must be held in the account at all times. You can make additional deposits by debit card at any point, as long as the total balance stays within the £25,000 maximum.
What is the interest rate?
The current rate is 2.25% AER/gross (variable). Interest is paid every six months, at the end of March and the end of September. The rate is variable and we will always notify you of any changes.
Do I need to save every month?
No. The Platinum Savings Account is designed for lump sum deposits. There is no requirement to make any further payments after your initial deposit, provided you maintain the £2,000 minimum balance.
How do I access my money when I need it?
You can give 90 days notice to transfer your savings back to your bank account. Notice can be given through online banking, by calling us, or by visiting our office in person. After the notice period, your funds are transferred directly to your nominated bank account.
How do I open an account?
Existing members can open a Platinum Savings Account through the Capital mobile app or member portal. If you are not yet a member, you can join Capital online and select the Platinum Savings Account during the membership journey. Membership eligibility criteria apply.
Are my savings protected?
Yes. Capital Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Savings are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000.
Representative example: a deposit of £10,000 held for 12 months at 2.25% AER (variable) earns approximately £300 in interest, paid every six months at the end of March and end of September. The rate is variable and may change.
Savings are protected by the Financial Services Compensation Scheme up to £120,000. Membership eligibility criteria apply.
Get started today
Put your lump sum
to work.
Earn 2.25% AER (variable) on a deposit of £2,000 to £25,000. Open in minutes through the app or member portal.
Membership eligibility criteria apply. FSCS protected up to £120,000. Rate variable.