Christmas Savings Terms & Conditions

• A member in receipt of benefits or salary can open a savings account at any time.
• Each new adult member of Just Credit Union will automatically have a savings account opened in their name.
• The first deposit into the account should be at least £5. This covers the one-off membership fee of £4 plus a minimum of £1 to open the account.
• The minimum required balance in this account is £4 to keep it open. This level of savings must be obtained within 6 months of the account being opened.
• When you open a Christmas Savings Account you agree that you will not be able to make any withdrawals from the account between 1st January and 15th November each year.
• If the minimum level is not attained within 6 months Just will close the account. You will be contacted prior to us taking this action and given the option of meeting the minimum requirement or closing your account.
• Members qualify for an annual dividend subject to one being paid.*
• Regular savings of £5 per week are normally required to keep the account active.
• Members may close their savings account at any time by completing a Closure of Account form. Just Credit Union reserves the right to require a maximum of 30 days notice of the account closure.
• Members closing their savings accounts automatically end their membership and cease to be shareholders in Just Credit Union.

*dependent upon the credit union’s profitability and approval through the AGM