Savings Products
Want to start a savings account? We have several options for you to choose from, from the Primary Savings account every member holds to plans for school, Christmas and retirement.
- Accounts
- 7
- Interest up to
- 2.25%
- Primary minimum
- EC$50
Find the right account
Choose what you are saving for.
A safe place for your money with access when you need it. Every member starts with a Primary Savings account.
Put money aside with a purpose: for the holidays, or for a fixed term at a fixed rate.
Teach children to save, and build a fund for their college education from birth to 18.
Save for your golden years from age 18 to 65, or lock in a guaranteed return with a Certificate of Deposit.
Retirement Savings (RSA)
Save specifically for your retirement, and retire without having to worry about being financially secure.
Interest2.25% p.a.Fixed Deposits / CDs
Invest funds for a minimum term of one year at a fixed interest rate.
From1.25%Compare all accounts
Rates, terms and requirements side by side.
Compare all accounts
Annual interest rates as published. Select an account for its full terms and requirements.
| Product | Interest | Minimum | Access | Details |
|---|---|---|---|---|
| Primary SavingsThe account every member holds: a safe place to save any amount you can afford. | 2% | EC$50 balance | Withdraw up to $3,000 daily | Details of Primary Savings |
| Regular DepositsOur most flexible account. No minimum balance, no charges, instant access. | 0.5% | None | Withdraw up to $3,000 daily | Details of Regular Deposits |
| School SavingsHelp your children build the habit of saving as a life-long skill. | Ask in branch | — | Withdraw up to $3,000 daily | Details of School Savings |
| Term SavingsA fixed rate for a fixed term. The longer the term, the higher the interest. | Fixed rate | — | 2 years minimum | Details of Term Savings |
| Christmas ClubSave monthly from December to November and collect your savings plus interest for the holidays. | Ask in branch | — | 15 Dec – 15 Nov | Details of Christmas Club |
| Educational Savings (ESA)Save from birth to 18 towards your child's college education. | 2.25% | EC$100, then $100 a month | 30 days’ notice | Details of Educational Savings (ESA) |
| Retirement Savings (RSA)Save specifically for your retirement, and retire without having to worry about being financially secure. | 2.25% | EC$100, then $100 a month | 30 days’ notice | Details of Retirement Savings (RSA) |
Rates may change at any time based on market conditions. Interest on Primary Savings and Regular Deposits is paid quarterly; ESA and RSA interest is calculated on the minimum quarterly balance.
How to open a savings account
- Become a memberMembership is open to anyone with the purchase of twenty Permanent Shares at $5.00 each. Your Primary Savings account is opened at the same time.
- Choose your other accountsAdd a Regular Deposits, Christmas Club, School Savings, Term, ESA or RSA account to suit what you are saving for.
- Visit us in BradesBring your forms and supporting documents for face-to-face help from one of our representatives.
Looking for a higher return?
Fixed Deposits from 1.25%
Invest EC$10,000 or more for a minimum of one year at a fixed, guaranteed rate: 1.25% up to EC$500,000 and 1.5% above, for new and renewed certificates from October 7, 2026.
Savings questions
What is a share account at the credit union?
This is a required account at a credit union because it is what makes you a member of the credit union. Your savings account represents your share of the credit union, thus it is called a share account. Share accounts are liquid and meant for payments and everyday spending.
What are Permanent Shares?
Permanent shares increase the capital and strengthen your credit union, which allows it to undertake expansion and enhancement of services to members. To become or remain a member of the credit union you must have shares. Permanent shares cannot be withdrawn; they can only be transferred when the member gives up membership.
What is the difference between a bank and a credit union?
A credit union is a not-for-profit, member-owned financial cooperative funded largely by voluntary member deposits. A bank is for-profit, owned by shareholders.