Premium Savings account

Premium Savings Account

Invest in yourself and your community with our Premium Savings Account. Earn a fixed rate of 4.2% AER for 1 year while your savings help build a stronger local economy. Deposit between £500 and £25,000. Open your account today!

Invest in Yourself, Invest in Your Community

Saving money is a personal goal, but at Cambrian Credit Union, we know it can be so much more. When you save with us, your money doesn't just grow for you—it helps us grow our community.

We're offering our Premium Savings Account, a secure and simple way to boost your savings with a One-year fixed rate of 4.2% AER. This isn't just a great rate; it's a commitment to local well-being.

Your deposits with us are a powerful tool. They help us fund essential financial services and loans for people and businesses right here in Wales, building a stronger local economy. With your savings protected by the FSCS up to £120,000 you can feel confident knowing your funds are safe and actively making a difference.

Ready to make a choice that benefits you and the place you call home? Open your Premium Savings Account today and start building a better future, together.

How do I open my account?

Simply Download our Mobile Banking App, complete our membership and you're good to go.

Join us Today

Already a member?

If you're already a valued member, or have just completed your new membership, starting your savings journey is simple!

Simply download and complete our application form in the link below, stating how much you wish to save, then send back to our finance team at finance@cambriancu.com with the requested information and documents. Our team will then get back to you with confirmation of the account set up and any guidance you need. It's as simple as that!

If you need additional support just give our friendly team a call on 0333 2000 601. We're here and ready to help you every step of the way.

Please be aware deposits must in place before 30th January 2026

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Interest Rate

4.2% AER

Deposit

Between £500 and £25,000 only

Term

1 year fixed term from 1st February 2026 to 31st January 2027

Deposit Deadline

January 30th 2026

Withdrawals

No withdrawals during the fixed term period

Limited Time Offer

Premium Savers Account is a limited offer and may be withdrawn prior to 1st February 2026

Savings Protected

As a member of the Government-backed Financial Services Compensation Scheme, your total savings are protected up to the value of £120,000

Terms and Conditions

Eligibility criteria and conditions apply:

Applicant must live or work in Wales and qualify for membership of Cambrian Credit Union
Must be 16+ years of age
Offer open to new and existing members
Fixed Term runs for 1 year / 12 months.
Accounts open from 1st February 2026 to 31st January 2027.
Deposits must be in place by 30th January 2026.
Premium Savers Account is a limited offer and may be withdrawn prior to 1st February 2026
Interest paid on redemption of fixed term savings account.
Deposits of between £500 and £25,000.
No withdrawals during the fixed term period.
Interest paid is Gross 4.20% AER
Interest is calculated daily and will be based on an average balance over the 12 month period
Tax to be paid by member
No interest will be paid if the account is closed within the 12 month period.
Membership fees apply.

Estimated balance after 1 year based on a range of deposits?

Initial deposit amount	Balance after 12 months	Interest earned
£500	£521.00	£21.00
£5,000	£5,210.00	£210.00
£10,000	£10,420.00	£420.00
£15,000	£15,630.00	£630.00
£20,000	£21,000.00	£840.00
£25,000	£26,050.00	£1,050.00

No withdrawals made in any month: bonus condition is met

These are only examples and do not take into account your individual circumstances. They assume that no further deposits or withdrawals are made, there is no change to interest rates / tiers and any interest earned stays in the account.

Premium Savings account FAQs

Have a question? Check below to see if it is answered in our Frequently Answered Questions.

How do I become a member

Download our Mobile App on the App Store or Google Play Store, click the Join button and follow the steps to become a member.

Are there any membership fees?

To use our products and services, there is now no joining fee.

Members must maintain a minimum of £5 in their account at all times to keep it active.

A yearly membership fee of £5 is charged on the anniversary of joining. Junior members (Aged up to 15 years) do not pay a membership fee until they become an Adult Member (from 16 years of age)

Deposits can be made via a Payment Link which is sent once the online application is submitted. Standing Order and Benefits are accepted.

For more information of our fees please click on this link

How do I open my Premium saver account

Simply download and complete our application form, stating how much you wish to save, then send back to our finance team at finance@cambriancu.com with the requested information and documents.

Can the interest rate change?

No, the interest rate is fixed when the account is opened and will stay the same until the product term ends.

Can I withdraw money from my fixed rate account?

No withdrawals during the fixed term period.

What will happen to my money at the end of the term?

Your account maturity date is based on your product term and account opening date. All funds and interest will be returned to the members main share account at the end of the term.

Are my savings safe?

Yes. As a member of the Government-backed Financial Services Compensation Scheme, your total savings are protected up to the value of £120,000.

How do I pay into my savings

Choose from Standing order, Online banking, or through our app. Or why not save directly through you salary through Payroll Savings.

Cambrian Credit Union Limited

Sort Code: 08-92-50

Account Number: 67005527

For your reference please input your Cambrian member number and reason - Example - XXXXXX Savings

Warning: Late repayment can cause you serious money problems. For help with your account please contact our team on 0333 2000 601, email info@cambriancu.com or visit https://www.cambriancu.com/contact-us . For financial advice visit www.moneyhelper.org.uk