Other Benefits

The other benefits of saving with the Credit Union are-

  • Automatic Free life cover on your savings up to the age of 75 years
  • No set-up fees or hidden charges on any transactions
  • Annual dividend paid on savings, gross of income tax
  • Easy access to savings
  • Access to a range of loan products at competitive rates
  • Loans  – No set-up fees / No early redemption penalties
  • Access to your account balances 24/7 via Members Area of website
  • Access to online request forms 24/7 via Members Area of website
  • Keep your savings going whilst borrowing; Its often easier to repay a loan than to save
  • You can use any savings to repay a B&T loan early without penalty

Junior Savers

Once you have become a member, you can open a Junior Saver account for the younger children in your life who share your home. On attaining the age of 16 years, they may become full members of the credit union providing a regular monthly contribution of no less than £10 is made to their account.


Is my money safe with you?

Important information about compensation arrangements

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.

In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with the credit union, including their share of any joint account, and not to each separate account.

For further information about the scheme (including the amounts covered and eligibility to claim) please call  us on 01772 618833 or ask at your local Blues & Twos Credit Union office , refer to the FSCS website www.fscs.org.uk or call 0800 678 1100.  FSCS – A guide to how the FSCS protects your Money (933.9kb)