Premium Savings account

Premium Savings Account

Step up your savings with our Premium Savings Account and earn interest of 5.00% AER! Deposit between £500 - £25,000! DEPOSIT DEADLINE 5TH MAY 2025!

Interest Rate

Fixed Interest of 5.00% AER

Deposit

Deposit from £500 to £25,000 only

Term - 12 months

Earn interest from 6th May 2025 to 5th May 2026

Deposit Deadline

Deposits must be in place before 5th May 2025

Terms and Conditions

Eligibility criteria and conditions apply:

Applicant must live or work in Wales and qualify for membership of Cambrian Credit Union
Must be 16+ years of age
Offer open to new and existing members
Fixed Term runs for 12 months.
Accounts open from 6th May 2025 to 5th May 2026.
Deposits must be in place by 5th May 2025.
Premium Savers Account is a limited offer and may be withdrawn prior to 5th May 2025
Interest paid on redemption of fixed term savings account.
Deposits of between £500 and £25,000.
Maximum of two withdrawals during the fixed term period.
Interest paid is Gross 5% AER
Interest is calculated daily and will be based on an average balance over the 12 month period
Tax to be paid by member
No interest will be paid if the account is closed within the 12 month period.
Membership fees apply for non members.

Estimated balance after 12 months based on a range of deposits?

Initial deposit amount	Balance after 12 months	Interest earned
£500	£525.00	£25.00
£5,000	£5,250.00	£250.00
£10,000	£10,500.00	£500.00
£15,000	£15,750.00	£750.00
£20,000	£21,000.00	£1,000.00
£25,000	£26,250.00	£1,250.00

No withdrawals made in any month: bonus condition is met

These are only examples and do not take into account your individual circumstances. They assume that no further deposits or withdrawals are made, there is no change to interest rates / tiers and any interest earned stays in the account.

Premium Savings account FAQs

Have a question? Check below to see if it is answered in our Frequently Answered Questions.

How do I become a member

Download our Mobile App on the App Store or Google Play Store, click the Join button and follow the steps to become a member.

Are there any membership fees?

To utilise our products and services and to maintain those services, Cambrian charge a one off set up fee for new members of £5, followed by a membership fee of £5. The yearly membership fee is taken on the anniversary of joining the credit union.

To maintain activity of your account members must have £5 worth of shares in place at all times.

Deposits can be made via a Payment Link which is sent once the online application is submitted, Standing Order, Benefits or Cash over the counter at one of our branches.

For more information of our fees please click on this link

How do I open my Premium saver account

Simply download and complete our application form, stating how much you wish to save, then send back to our finance team at finance@cambriancu.com with the requested information and documents.

Can the interest rate change?

No, the interest rate is fixed when the account is opened and will stay the same until the product term ends.

Can I withdraw money from my fixed rate account?

Yes you can but only a maximum of two withdrawals during the fixed term period.

What will happen to my money at the end of the term?

Your account maturity date is based on your product term and account opening date. All funds and interest will be returned to the members main share account at the end of the term.

Are my savings safe?

Yes. As a member of the Government-backed Financial Services Compensation Scheme, your total savings are protected up to the value of £85,000.

Warning: Late repayment can cause you serious money problems. For help with your account please contact our team on 0333 2000 601, email info@cambriancu.com or visit https://www.cambriancu.com/contact-us . For financial advice visit www.moneyhelper.org.uk