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# How much interest do you pay on savings?

The Credit Union pays a dividend on your savings, rather than a fixed rate of interest. It is paid by the Credit Union to make your savings grow. Dividends are a share of the profits, applied as a percentage return on your savings.

Members agree the rate of dividends at each Annual General Meeting.

Members agreed, at the most recent annual general meeting in June 2019, to pay 1.5% on adult accounts and 2% of junior accounts. However, rates do vary from year to year and cannot be guaranteed in advance.