We believe that it’s important to teach the importance of savings from a young age. So whether you are looking to open an account for a child, grandchild or looking to encourage your children to open their own account, we can help. So get in touch and start them on the right path today.
It is becoming increasingly important to teach your children the value of saving for the future.
Young Saver Accounts
Do you have a child under the age of 18 years of age? Would you like to encourage them to learn how to manage money & realise the value of saving? So do we.
You can save for them in many ways including using some or all of your Child Benefit to go to their Young Saver account.
To open your child’s account simply fill in the form below.
Save with your Child Benefit
Did you know that you can have your Child Benefit paid directly to your credit union account?
To open a young savers account you (the trustee) must fulfil at least one of the criteria below. The young person does not need to fulfil any of the criteria listed below
Making deposits into your Credit Union account.
Standing Order & Bank Transfer
These payment methods are suitable for one-off deposits and/or recurring payments into savings from your bank account.
The easiest way to set up a Standing Order is to use online banking or to contact your bank.
You must use your membership number (or NI Number) as the reference for every payment.
London Capital Credit Union
NB Some banks may say account does not match the name because our full name, London Capital Credit Union Ltd., is too long. You can ignore the error message and use these details.
Your credit union membership number or your NI number in order that we can credit the payment to the correct account.
Salary Savings Schemes
Many people can make regular savings deposits or loan repayments directly from salary. CLICK HERE to access the Online Salary Savings Schemes Form.
Child Benefit Payment
Did you know that you can save with your Child Benefit paid directly to your credit union account?
We only accept cash for initial deposits. If you make your first deposit by cash the maximum we can accept is £50.
Cheques should be made payable to ‘London Capital Credit Union’ or payable to yourself. We can also accept cheques payable to yourself. You should note that it will take at least 12 working days before you are able to draw on funds paid in by cheque.