Plane Saver Credit Union

Plane Saver Credit Union

5.03
%
AER
1 year | GBP
  • FSCS protects deposits up to £85,000 per person

Plane Saver was founded in 1993 by a group of British Airways Engineers. They had a passion to provide a range of flexible savings and affordable loans to their colleagues. Now with over 25,500 members, it is one of the largest Credit Unions in the UK.

Over the last 30 years, Plane Saver has been dedicated to assisting people in managing their finances. As we have grown, we have evolved, embracing modern technology while preserving the essence of personalised service. We firmly believe that the human touch is what matters most when handling money matters, and this principle remains unchanged. At the core of our mission lies a commitment to your financial well-being.

All offers from Plane Saver Credit Union

5.03 % AER
1 year
fscs.org.uk

About Plane Saver Credit Union

Plane Saver was founded in 1993 by a group of British Airways Engineers. They had a passion to provide a range of flexible savings and affordable loans to their colleagues. Now with over 25,500 members, it is one of the largest Credit Unions in the UK.

Over the last 30 years, Plane Saver has been dedicated to assisting people in managing their finances. As we have grown, we have evolved, embracing modern technology while preserving the essence of personalised service. We firmly believe that the human touch is what matters most when handling money matters, and this principle remains unchanged. At the core of our mission lies a commitment to your financial well-being.

Bank details

Headquarters: Brentford
Year established: 1993
Number of customers: 25500

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.

Who is Raisin?

We are the UK savings marketplace for Raisin, one of Europe’s most successful technology-led financial services companies. We want to get Britain saving, so we connect savers with a range of banks and building societies offering deposit-protected savings accounts with competitive interest rates.

Using our savings marketplace is simple. By registering for a Raisin UK Account, you'll only ever need to fill in one application form. Then you can browse, apply for and fund a range of savings accounts, and manage everything under one roof. No paperwork or endless passwords to remember - just a free, easy way to grow your savings.