The Junior Savings Account is open to the family of members of the NHS Credit Union up to the age of 18


The account will be owned and run by a named adult. Deposits into the account can be made by lump sum, or by payroll deduction or direct debit. It’s never been so easy to start encouraging that saving habit and start preparing them for their future.

  • Easy to set up
  • No penalty for withdrawals
  • Potential for annual dividend
  • Account run and owned by named adult (trustee)
  • Deposits can be made by payroll deduction or direct debit
  • All funds protected by the FSCS scheme
  • No penalty for withdrawals
  • Maximum deposit of £10,000
  • Potential annual dividend on savings

A member of the NHS Credit Union can set up a Junior Savers Account for anyone in their family under the age of 18 who lives at the same address as the member.

The account will be owned and run by the named adult (Trustee) until the child reaches 18 years, when the Trustee will be contacted for permission to transfer funds to named child, transfer the child to adult membership, or close the account.

Proof of identity – such as a birth certificate and proof of address – must be provided for every Junior Savers Account opened.

If you wish to make regular deposits to a Junior Savings Account, you can do so by Payroll Deduction or by Direct Debit.

An annual dividend may be applicable for all Junior Savings Accounts. An annual statement for Junior Savings Accounts will be sent addressed to the Trustee the account, or transferring to adult membership.


Bereavement Protection


All accounts benefit from our Free Life Savings and Loan Protection Scheme*


Life Savings Protection is designed to reward your family for your commitment to saving, and provide them with financial support when they most need it. Life Savings Protection is a free safeguard offered by the NHS Credit Union as a benefit to its members. The credit union owns this policy on behalf of members. In the event of your death, it may provide your family with a single lump sum payment which can help them to cover funeral and other expenses.


The scheme is directly linked to savings, and every £1 in savings can be matched by £1 of benefit* – up to a maximum of £5,000.


*Terms and conditions apply. These are subject to change, and are available on request.


Financial Services Compensation Scheme


All accounts benefit from our participation in the Financial Services Compensation Scheme (FSCS).


The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.


For further information about the scheme (including the amounts covered and eligibility to claim) please call us on 0141 445 0022 or ask at your local branch, refer to the FSCS website or call 0800 678 1100 or 020 7741 4100.

Find your ideal savings account

Regular Savings Account

Regular Savings Account

Our basic savings account available to all members



Instant Access Savings Account

Instant Access Savings Account

Set money aside for a rainy day – with instant access


Christmas Savings Account

Christmas Savings Account

Put money aside for that special day



Member of ABCUL

Authorised and Regulated by

Founder member of CFCFE

Your money is protected up to £85,000

Member of GCofC

Member of SBRC