Premier Savings Account
Build your savings,
month by month.
Save between £50 and £500 every month and earn 2.25% AER (variable). Pay by direct debit or through your salary and watch your balance grow.
Current rate
2.25%
AER/gross (variable) · regular savings
Monthly savings
£50 – £500
Maximum balance
£25,000
Interest paid
Every 6 months
Notice to withdraw
90 days
Why Premier Savings
Save regularly. Earn consistently.
A regular savings account designed to grow alongside you. Set an amount, choose how you pay, and let the habit do the rest.
Earn 2.25% AER on your savings
Save between £50 and £500 per month and earn 2.25% AER (variable) on your growing balance, up to a maximum of £25,000.
Save on a schedule that suits you
Pay weekly, fortnightly, four-weekly or monthly. You choose the amount and the frequency that fits your income pattern.
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.
Save straight from your paycheque
If your employer is one of our select partner employers, you can have savings taken directly from your wages before they reach your account.
Open to Capital members
You must be a Capital Credit Union member to hold a Premier Savings Account. Membership eligibility criteria apply.
Questions answered
Frequently asked questions
How much can I save each month?
You can save between £50 and £500 per month. The maximum balance you can hold in a Premier Savings Account at any one time is £25,000. Interest is earned on your full balance.
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.
How can I make my monthly payments?
You can pay by direct debit on a weekly, fortnightly, four-weekly or monthly basis. If your employer is one of our select partner employers, you can also have savings taken directly from your wages before you receive your pay.
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, funds are transferred directly to your nominated bank account.
How do I open an account?
Existing members can open a Premier 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 Premier 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: saving £200 per month for 12 months at 2.25% AER (variable) earns approximately £39 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
Start saving this
month.
Earn 2.25% AER (variable) on regular savings of £50 to £500 per month. Open in minutes through the app or member portal.
Membership eligibility criteria apply. FSCS protected up to £120,000. Rate variable.