Prepare for the future. Start saving today.

Deductions straight from your Police pay. Minimum savings £10 per month. FREE to join. Close at anytime. Quick and easy access to withdrawals Life cover at no extra cost*

Regular SaverFlexi SaverPrize SaverJuniorCash ISALifetime ISA

Regular Saver

To join the Credit Union every member must save a minimum of £10 per month into the Regular Saver. It is completely free to join and you can change the amount you save at anytime.

Become a member today for FREE

  • Opening a Regular Savings Account gives you membership to the credit union.
  • Membership entitles you to open other savings accounts and apply for a loan, if you’re aged 18 or over.
  • Life Cover (at no extra cost), doubles your savings balance (up to a member maximum of £25,000) in the event of a claim.
  • Membership is open to the armed forces, veterans (in receipt of a pension), serving or retired police and prison officers, serving police and prison staff and any family member living at the same address as the main member.
Apply Now

  • Minimum savings £10 per month

  • Easy access with no notice or penalty

  • Simple saving through payroll deduction or direct debit

  • Flexibility to change your savings amount when required by contacting our team

  • Life cover at no extra cost up to age 65 (conditions apply)

  • Receive a return in the form of an annual dividend

  • Maximum monthly savings £1,000

Flexi Saver

Save up to a maximum of £20,000 and enjoy the flexibility to withdraw from the account at anytime.

Open a Flexi Saver today

  • Save a up to a maximum of £20,000 into the Flexi Savings Account.
  • Make one off deposits or save every month straight from your pay or direct debit.
  • Withdraw your money at anytime.
  • Benefit from a return on your savings in the form of an annual dividend.
  • To qualify you must be a member of the Credit Union and save a minimum of £10 per month into the Regular Saver.
  • Life Cover (provided at no extra cost) doubles your combined savings balance (up to a member maximum of £25,000) in the event of a claim.
  • Existing members can open an account by contacting our office on 0121 700 1222. Alternatively you can transfer funds into this account using your online Member Access.
  • Membership is open to the armed forces, veterans (in receipt of a pension), serving or retired police and prison officers, serving police and prison staff and any family member living at the same address as the main member.
Apply Now

  • Maximum savings £20,000

  • Easy access with no notice or penalty

  • Simple saving through payroll deduction or direct debit

  • Flexibility to change your savings amount when required by contacting our team

  • Life cover at no extra cost up to age 65 (conditions apply)

  • Receive a return in the form of an annual dividend

Prize Saver

We have teamed up with HM Treasury to pilot a new savings account which gives you the chance of winning a monthly cash prize of £5,000.

Your chance to win £5,000 each and every month

  • Open a Prize Saver and be in with a chance of winning £5,000 in a monthly prize draw.
  • Hold between £1-£200 in as PrizeSaver account to enter into the monthly draw (£1 is equivalent to 1 entry).
  • £1 per entry, maximum entries 200 per member.
  • You must have a Regular Savings account with the credit union to qualify.
  • Membership is open to the armed forces, veterans (in receipt of a pension), serving or retired police and prison officers, serving police and prison staff and any family member living at the same address as the main member.

  • Monthly prize draw of £5,000 with at least twenty smaller prizes of no less than £20

  • Hold between £1-£200 in a PrizeSaver account to enter into the monthly draw (i.e. £1 is equivalent to 1 entry)

  • Close, amend or withdraw your funds at any time

  • Monthly prize draws on the 15th of each month

  • Winners notified within two working days

Enter your information for us to set up your PrizeSaver account:

Junior Saver

The Junior Saver helps your family prepare for the future. Any children or grandchildren living at the same address as an existing member are entitled to join and start saving.

An account that grows up fast

  • A Junior Savings account where you can save on behalf of your children or grandchildren
  • Junior Members must live at the same address as an existing member and a copy of their passport or birth certificate will be required to open the account.
  • Regular savings must be made via payroll deduction (where available) or Direct Debit.
  • You can deposit additional lump sums whenever you wish by either bank transfer, debit card or cheque (payable to Police Credit Union Ltd)
  • Maximum total balance £10,000.
  • At 18 years of age, the junior account will switch to a regular savings account (subject to ID requirements), with its own conditions, under the control of the new account holder.
  • A healthy start

    Help to give a young person a sound start in life

  • Plan from an early age

    For that first car, year out, university

  • Start small

    Open an account with as little as £10

  • Easy to save

    By regular deductions via pay or Direct Debit. In addition you can deposit occasional lump sums.

  • Annual return paid gross

    Without tax deducted at same rate as adult dividend

  • Not for profit mutual

    Exclusively for the protective services

  • Time flies!

    The perfect place to save gifted money from birthdays and Christmas

  • Quick & free access

    No notice or penalty for withdrawal

Set up your Junior Account here.

Set up your Junior Account here.

  • Date Format: DD slash MM slash YYYY

Cash ISA

Please note

Members are advised that we are currently not offering new ISA accounts. If you already hold an ISA with us we have already written to you with changes to our ISA conditions.

Our existing Cash ISA holders are entitled to benefits such as:

  • Tax free saving

    Ideal for the taxpayer, even outside the Personal Tax Allowance

  • Life cover at no extra cost

    To double savings (of up to a total PCU saving of £25,000 per member) in event of a claim

  • Dividend calculated daily

    And credited to account annually in April

  • Access to savings without penalty

    No transfer out fees

Lifetime ISA

Interested in a 25% government bonus to help you buy your first home or save for a tax free lump sum on your 60th birthday? Serve and Protect CU are working alongside Metfriendly to provide the Lifetime ISA (LISA).

Lifetime ISA Key Benefits

  • The government will add 25% on top of your savings – that’s up to £1,000 per year!
  • Metfriendly will add an additional guaranteed annual bonus (1.5% until April 2021 for amounts invested in 2020/21 tax year).
  • Save monthly (min £100 per month) or add lump sums (min £1,200 or £400 for top ups).
  • You can invest a maximum of £4,000 per year (leaving you £16,000 a year to invest in other Metfriendly ISAs).
  • Available to those age 18-39, but once you’ve opened an account you’ll be able to continue to pay in contributions up to the age of 50.
  • No income or capital gains tax is payable on the investment growth
  • Your spouse is eligible too which means you could get up to £2,000 a year EXTRA from the government between you.
Learn More via Metfriendly

  • Product provided by Metfriendly

    • Metfriendly and Serve and Protect CU are separate companies
    • There will be no financial payment to Serve and Protect CU from Metfriendly in relation to any LISAs taken out

  • The government will add 25% on top of your savings

  • Available to those aged 18-39, but once you have opened an account you will be able to continue to pay in contributions up to the age of 50

  • Save monthly (min £100 per month) or add lump sums (min £1,200 or £400 for top-ups)

The Police Credit Union is a member of the Financial Services Compensation Scheme. The Scheme guarantees to pay 100% of a maximum £85,000 should the Credit Union fail.

Police Credit Union is part of the Financial Ombudsman Scheme.

Improving the financial resilience for those who serve & protect

Police CU is part of the Serve and Protect family. Police Credit Union Ltd. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority & the Prudential Regulation Authority (Registered No 213306)

Police Credit Union Ltd. is a member of the Financial Services Compensation Scheme. This means a members savings are covered by the FSCS Depositor guarantee scheme up to the value of £85,000. Under the Distance Marketing Directive, you have the right to cancel your savings account within 14 days of opening without financial or other penalty.

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