Halcyon Money

Halcyon Money

4.93
%
AER
1 year | GBP
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  • FSCS protects deposits up to £85,000 per person

Halcyon Money is part of Transave UK Credit Union, a not-for profit financial co-
operative. Being a mutual organisation is what sets us apart because we don’t
have shareholders or investors to pay. Instead, we’re 100% owned by our
members and can focus on ensuring that they benefit from the services we
provide. Our goal is not profit at all costs; it’s doing the right thing. We show this
by providing highly competitive financial products that deliver an outstanding
return to members. We also believe in being transparent and fair in all we do.

Established in 1996, Transave is one of the UK’s leading credit unions and is
regulated by the Financial Conduct Authority and the Prudential Regulation
Authority.

All offers from Halcyon Money

4.93 % AER
1 year
fscs.org.uk

About Halcyon Money

Halcyon Money is part of Transave UK Credit Union, a not-for profit financial co-
operative. Being a mutual organisation is what sets us apart because we don’t
have shareholders or investors to pay. Instead, we’re 100% owned by our
members and can focus on ensuring that they benefit from the services we
provide. Our goal is not profit at all costs; it’s doing the right thing. We show this
by providing highly competitive financial products that deliver an outstanding
return to members. We also believe in being transparent and fair in all we do.

Established in 1996, Transave is one of the UK’s leading credit unions and is
regulated by the Financial Conduct Authority and the Prudential Regulation
Authority.

Bank details

Headquarters: Sheffield
Year established: 1996
Number of customers: 22800

Security and deposit guarantee

Deposits are eligible for protection by the Financial Services Compensation Scheme (FSCS) http://www.fscs.org.uk/. The FSCS is the United Kingdom’s statutory deposit guarantee scheme that covers deposits in individual savings accounts up to £85,000, per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. It is available for deposits with most UK high-street and online banks and means if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to the £85,000 per person, per banking group limit.

Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the £85,000 protection applies only to eligible deposits up to this limit.

Timescales for the return of your money can vary between different banks and banking groups. This bank holds funds under a direct model. Funds held directly by the bank are usually returned within 2-3 days.

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