Savings

Primary Savings

Opened the day you become a member, and the foundation for everything else you do with the credit union.

Interest rate
2%per annum, paid quarterly
Minimum balance
EC$50
Account charges
None
Daily cash withdrawal
Up to $3,000subject to change

Overview

A primary savings account is opened once you become a member of the SPCCU. This account gives members a safe place to deposit their money and is geared towards helping members to achieve their financial goals.

Save any amount which you can afford. A minimum balance of fifty dollars (EC$50.00) is required. There are no charges to the account.

Build this savings and use it as part security to your loans or as full security for character loans.

Who is this for?

Every SPCCU member. It is created automatically at membership.

Features and terms

  • Created at membership
  • Cash withdrawals of up to $3,000 daily (this is subject to change)
  • 2% annual interest rate, paid quarterly
  • Can be used as part security for loans, or full security for character loans

How to get started

  1. Become a memberIf you are not yet a member, download the membership forms and bring them in with your supporting documents.
  2. Visit us in BradesGet face-to-face assistance from one of our representatives.
  3. Start using your accountWe will confirm the details and set everything up with you.

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.