Alliance Credit Union · Savings Accounts

Savings Accounts

Grow your money with competitive rates, flexible access, and tax-free options. Whatever you're saving for, we have an account to help you get there faster.

Open a savings account Calculate returns

4.5%Top AER

£85KFSCS Protected

24/7Account Access

Find your perfect savings account

From easy-access savings to fixed-rate bonds and tax-free ISAs — choose the account that matches your goals.

4.10% AER

Easy Access Savings

Withdraw your money anytime — no notice, no penalties. Perfect for emergency funds.

No minimum balance
Instant access 24/7
Interest paid monthly
Open from £1

Open account

4.50% AER

Fixed Rate Bond

Higher returns when you lock your money away for a set term. 1, 2, or 5 years available.

Guaranteed interest rate
Terms from 1–5 years
Open from £500
Interest paid annually

Open bond

4.00% AER tax-free

Cash ISA

Save up to £20,000 per year tax-free. The smartest way to grow your money.

Tax-free interest
£20K annual allowance
Flexible withdrawals
Instant access option

Open ISA

More ways to save

Specialised savings accounts for every goal — from your first home to your child's future.

Help to Buy ISA

Save for your first home and get a 25% government bonus on your savings — up to £3,000.

25% government bonus
Save up to £200/month
Tax-free interest
Perfect for first-time buyers

Learn more

Junior ISA

Build a brighter future for your child with a tax-free savings account that grows with them.

Tax-free savings
£9,000 annual allowance
Access at age 18
Friends & family can contribute

Learn more

See how much you could save

Estimate your savings growth with our quick calculator. Adjust the amount, term, and rate to see the difference.

Savings Calculator

Results are estimates only. Actual returns may vary.

Initial deposit (£)

Monthly deposit (£)

Save for (years)

Interest rate (AER %)

Estimated balance after your term

£14,362.85

Based on £1,000 initial + £200/month for 5 years at 4.10% AER

Why save with Alliance Credit Union?

We make it easy to grow your money — with competitive rates, flexible access, and the peace of mind that comes from banking with a trusted name.

Competitive rates — Earn up to 4.50% AER on your savings
FSCS protected — Your money is safe up to £85,000 per person
Flexible access — Withdraw anytime from our Easy Access account
No hidden fees — No setup costs, no monthly charges
Open in minutes — Apply online and start saving immediately

Open a savings account

Start saving in 4 easy steps

Opening a savings account with Alliance Credit Union takes just minutes. Here's how.

Choose your account

Pick from Easy Access, Fixed Rate Bond, Cash ISA, or one of our specialised savings accounts.

Apply online

Complete a simple online application. It takes just a few minutes, with no paperwork.

Fund your account

Transfer money from your current account or set up a monthly standing order.

Watch it grow

Track your savings and interest earned anytime in the Alliance Credit Union app.

Compare our savings accounts

See which savings account fits your goals best.

Feature	Easy Access	Fixed Rate Bond	Cash ISA
AER	4.10%	4.50%	4.00%
Minimum opening balance	£1	£500	£1
Access to your money	Anytime	At term end	Flexible
Tax-free interest
FSCS protected
Interest paid	Monthly	Annually	Monthly or annually
Best for	Emergency funds	Higher returns	Tax-free saving

Frequently asked questions

Everything you need to know about savings accounts with Alliance Credit Union.

How much do I need to open a savings account?

You can open an Easy Access Savings account or Cash ISA from just £1. Fixed Rate Bonds require a minimum of £500. There is no maximum limit and no monthly fee on any of our savings accounts.

Can I withdraw my money anytime?

Yes, with Easy Access Savings and Cash ISAs you can withdraw your money anytime with no penalties. Fixed Rate Bonds lock your money away for the term — early withdrawal may incur a penalty or reduce your interest.

Is my money protected?

Yes. All eligible deposits with Alliance Credit Union are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person. This covers both your capital and any interest earned.

What is an AER?

AER stands for Annual Equivalent Rate. It shows what the interest rate would be if interest were paid and compounded each year. It makes it easier to compare different savings accounts on a like-for-like basis.

Do I pay tax on my savings interest?

Most UK taxpayers have a Personal Savings Allowance — up to £1,000 in interest per year tax-free for basic rate taxpayers. A Cash ISA is completely tax-free, so it's a great option if you want to save more without paying tax on the interest.

Can I have more than one savings account?

Absolutely. Many of our members have several savings accounts — for example, an Easy Access Savings account for emergencies and a Cash ISA for tax-free saving. You can open additional accounts anytime in the app.

How is interest paid?

Easy Access Savings and Cash ISAs pay interest monthly, so you see your money grow regularly. Fixed Rate Bonds pay interest annually, either into your account or reinvested depending on your preference.

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Ready to start saving?

Open a savings account in minutes and start earning up to 4.50% AER today with Alliance Credit Union.

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